Property developer Sunac China plans $580m share sale to repay loans

Property developer Sunac China plans $580m share sale to repay loans

Sunac China Holdings Ltd logo is seen during an exhibition in Hangzhou, Zhejiang province, China, May 25, 2015. China Daily/via REUTERS

Chinese property developer Sunac China Holdings Ltd said on Thursday it planned to raise HK$4.52 billion ($580.09 million) from a share sale for repayment of loans and general corporate purposes.

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