Property News · July 14, 2017

Sunac’s shares rally as investors ignore warnings on credit ratings


Investors are piling into Sunac China Holdings, pushing the shares of the country’s biggest domestic buyer to a record, ignoring the warnings by the world’s three dominant credit rating agencies on the rising default risks caused by its US$9.3 billion acquisitions of Wanda’s assets.
Sunac’s shares jumped as much as 3 per cent to HK$17.10 in morning trading on Friday before closing midday at HK$16.92, bringing its advance to 15.9 per cent since resuming trade on Tuesday….

Source : South China Morning Post
Read more…Sunac’s shares rally as investors ignore warnings on credit ratings

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