{"id":60106,"date":"2017-07-07T20:39:00","date_gmt":"2017-07-07T13:39:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-shares-plunge-on-leecos-worsening-crisis\/"},"modified":"2017-07-07T20:42:57","modified_gmt":"2017-07-07T13:42:57","slug":"sunac-china-shares-plunge-on-leecos-worsening-crisis","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-shares-plunge-on-leecos-worsening-crisis\/","title":{"rendered":"Sunac China shares plunge on LeEco\u2019s worsening crisis"},"content":{"rendered":"


\nShares of Sunac China slumped in Hong Kong on Friday as investors fear that the developer could suffer a big loss from its 15 billion yuan (US$2.2 billion) bet on the cash-strapped LeEco Group, and would be forced to take over operations of the group\u2019s core business.
\nSunac shares plummeted 7 per cent to close at HK$14.80 on Friday. The stock has dropped 12 per cent in the past four trading days, wiping off more than HK$8 billion in market value for the country\u2019s seventh largest…
\n
\nSource : South China Morning Post
\nRead more…Sunac China shares plunge on LeEco\u2019s worsening crisis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Sunac China slumped in Hong Kong on Friday as investors fear that the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-60106","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fDs","jetpack-related-posts":[{"id":13718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-agrees-to-buy-seven-properties-from-top-spring-for-hk5-22-billion\/","url_meta":{"origin":60106,"position":0},"title":"Sunac agrees to buy seven properties from Top Spring for HK$5.22 billion","date":"May 20, 2016","format":false,"excerpt":"\r Shares of Sunac China rose 2.6 per cent on Friday after it said it would buy seven properties on the mainland for a total of HK$5.22 billion. The company\u2019s shares traded at HK$4.71 as of 11 am.\r \r Source : South China Morning Post\r Read more...Sunac agrees to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stock-in-chinas-sunac-plunges-after-it-seeks-to-raise-us1-billion-through-share-placement\/","url_meta":{"origin":60106,"position":1},"title":"Stock in China\u2019s Sunac plunges after it seeks to raise US$1 billion through share placement","date":"December 15, 2017","format":false,"excerpt":"\r Shares of property developer Sunac China Holdings slumped by as much as 10 per cent on Friday after it said it would raise HK$7.82 billion (US$1 billion) through a share placement. The firm, chaired by billionaire Sun Hongbin, has agreed to sell 251.5 million shares at HK$31.1 each, an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-shares-are-up-400pc-year-to-date-but-bullish-investors-see-even-more-upside\/","url_meta":{"origin":60106,"position":2},"title":"Sunac China shares are up 400pc year to date, but bullish investors see even more upside","date":"September 17, 2017","format":false,"excerpt":"\r Aggressive expansion and heavy debt are nothing to worry about \u2013 at least for investors in Sunac China. The Chinese property developer, which specialises in luxury flats, saw its Hong Kong-listed shares reach an all time high for a fifth day on Friday, jumping 12.4 per cent to HK$33.5,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-shares-soar-after-it-quit-plans-to-buy-wandas-hotel-assets\/","url_meta":{"origin":60106,"position":3},"title":"Sunac shares soar after it quit plans to buy Wanda\u2019s hotel assets","date":"July 20, 2017","format":false,"excerpt":"\r Share prices of Sunac China Holdings and Guangzhou R&F Properties, the original and new buyers of Wanda Group\u2019s hotel assets, surged on Thursday. Sunac China\u2019s Hong Kong-traded stock surged as much as 18 per cent in the morning, before scaling back to close 14.2 per cent up at HK$19.64.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-seeks-us537-million-in-share-placement-after-wanda-acquisition\/","url_meta":{"origin":60106,"position":4},"title":"Sunac seeks US$537 million in share placement after Wanda acquisition","date":"July 24, 2017","format":false,"excerpt":"\r Sunac China, one of the country\u2019s most indebted developers, is raising up to HK$4.2 billion (US$537 million) in a share placement after it agreed to buy Dalian Wanda Group\u2019s tourism projects for 43.8 billion yuan last week. Sunac China is selling 220 million shares, priced between HK$18.33 to HK$19.10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60374,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-deal-gives-sunac-plenty-of-room-to-expand\/","url_meta":{"origin":60106,"position":5},"title":"Wanda deal gives Sunac plenty of room to expand","date":"July 11, 2017","format":false,"excerpt":"\r Sunac China said its US$9.3 billion acquisition of hotels and tourism projects from Dalian Wanda Group will give it 50 million square metres of saleable stock for expanding its property empire. Sunac, the seventh-largest Chinese homebuilder, founded by Shanxi tycoon Sun Hongbin, saw its share price jump as much\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60106"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=60106"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60106\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}