As of the press releaseSunac ChinaIt fell 7.16% to HK $18.66. The latest market capitalization is HK $72.754 billion.
This morningSunac ChinaAccording to the announcement, 220 million shares will be allotted on an old-to-new basis at HK $18.33 per share, equivalent to about 5.63 per cent of the issued share capital and about 5.33 per cent of the expanded share capital, raising HK $4.0326 billion, which is proposed to be used as general working capital.
Recently, Rongchuang is in the limelight in the capital market. Prior to this, on July 18, affected by factors such as the investigation of some financial institutions, the company's share price dived for a time, with the biggest intraday drop of 13.49%. Subsequently, Sun Hongbin responded that it was the normal behavior of the bank.
July 19, Wanda, Rongchuang andR & F real estateThe three parties issued a joint announcement that Wanda Commerce transferred 77 hotels, including Beijing Wanda Jiahua, to Beijing at a price of 19.906 billion yuan.R & F real estateIn 1998, Rongchuang bought 91% of Wanda's 13 Wenlu cities for 43.844 billion yuan.
At the tripartite signing ceremony, Sun Hongbin said, "Sunac's sales performance in the first half of the year is more than 110 billion yuan, as of June 30, 2017, there will be more than 90 billion yuan in cash, and the rebate in July in the second half of the year will exceed 20 billion yuan. In other months, the rebate will exceed 30 billion yuan. The annual sales will exceed 300 billion yuan, and there will be sufficient cash flow. We will continue to control the debt ratio and manage our cash flow." Keep the operation and development of Sunac in a healthy state. "
On July 23, Sun Hongbin spoke again through Weibo Corp, "Friends don't have to worry too much about financing." First, we have failed because of cash flow, we know the importance of cash flow, attach importance to cash flow, and put the safety of the company in the first place; second, we know advance and retreat, and no one is more determined to give up than us in giving up, such as not buying land in the open market after October and waiting for opportunities for mergers and acquisitions, such as giving up Greentown Yurun; third, we have a strategy that is more executive, and my team and I have been on the front line, hearing the sound of gunfire and daring to fight with bayonets. "
As of December 31, 2016, Sunac had a total debt of 257.772 billion yuan, with a net debt ratio of 121.5 percent, according to the 2016 annual report. At the end of 2015, the total debt of Sunac was 96.089 billion yuan, with a net debt ratio of 75.9%. In terms of total borrowing, financing increased by 71.045 billion yuan from 41.799 billion yuan at the end of 2015 to 112.844 billion yuan at the end of 2016. In addition, Sunac issued 10 billion yuan of perpetual debt in 2016, and if the perpetual debt is classified as debt, the net debt ratio is as high as 208%.