Sunac China fundraising plan pushes down stock

Sunac China Holdings dropped more than 8 per cent yesterday after announcing a plan to sell shares to raise funds for development and working capital.

The shares fell 8.6 per cent, the largest loss in 15 months, to HK$6.57 yesterday before closing at HK$6.65, down 7.5 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1134002/sunac-china-fundraising-plan-pushes-down-stock