[ET Net News Agency, 15 November 2021] Sunac China Holdings Limited (01918) said the
company, Sunac International Investment Holdings Ltd (the vendor), Morgan Stanley (as the
placing agent and the joint bookrunner) and Citigroup (as the joint bookrunner) entered
into the placing and subscription agreement, pursuant to which the placing agent agreed to
place, on a fully underwritten basis, 335 million placing shares at a price of HK$15.18
per share on behalf of the vendor. The vendor conditionally agreed to subscribe for 335
million subscription shares at the placing price of HK$15.18 per share. The gross proceeds
from the subscription are approximately HK$5.085 billion.
Sunac Services Investment and the placing agent entered into the Sunac Services Shares
Placing Agreement, pursuant to which the placing agent agreed to place, on a fully
underwritten basis, 158 million Sunac Services shares at a price of HK$14.75 per share.
The gross proceeds from the Sunac Services Shares Placing are approximately HK$2.331
billion.
The aggregate gross proceeds from the placing of existing shares and the subscription of
new shares and the placing of existing Sunac Services Shares are approximately US$952
million.
In addition, out of his long-term confidence in and long-term commitment to the group,
Mr Sun Hongbin, the controlling shareholder of the company and the chairman of the board,
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. (RC)