On January 13, Sunac China said that the company's overall sales volume in 2021 was about 597.4 billion yuan (equity ratio is about 61%, payback rate is about 90%), and book cash at the end of the year was about 160 billion (including joint venture cash). It is enough to meet the short-term maturing debt and project development needs, but there may still be uncertainties in the short-term external environment. Out of careful consideration, the company will raise additional equity through a market placement to enable the company to have more capital and capacity to cope with the short-term uncertainty of the market and the environment.
Edit / Jeffy