Sunac China: On 13 Nov, Morgan Stanley agreed to place 335 million Placing Shares at a price of HK$15.18 per Share on behalf Sunac. Controlling shareholder Sun Hongbin has provided out of his own funds US$450 million to the Group (in the form of interest-free loan) to support the continuous business development of the Group. $融創中國(01918.HK)$ $融創服務(01516.HK)$
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Hong Kong-listed property developers and management firms are rallying on Friday afternoon.
CIMB: Sunac Services – ADD TP HK$9.80 (Previous HK$30.40)
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