Shares of developer Sunac China and services unit set to drop

Sunac Services Holdings

15/11/2021 01:20

HONG KONG, Nov 15 (Reuters) - Shares of Chinese developer
Sunac China  1918.HK  are set to open 7.4% lower on Monday after
it raised a total of HK$7.4 billion ($949.70 million) via
placing new shares and selling 5.1% stake in its services unit
 1516.HK .
    Sunac Services  1516.HK  was set to plunge 10.9% to
HK$14.76, after the parent placed the stake at HK$14.75 per
share, raising HK$2.33 billion.
    
($1 = 7.7919 Hong Kong dollars)

 (Reporting by Clare Jim; Editing by)
 ((clare.jim@thomsonreuters.com; +852 2912 6653; Reuters
Messaging: clare.jim.thomsonreuters.com@reuters.net))