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 MENAFN - - 11/29/2012 5:50:54 AM

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Bain Capital Plans to Sell 120mn SUNAC China Shares

SHANGHAI, Nov 29, 2012 (Menafn - SinoCast Daily Business Beat via COMTEX) --Bain Capital plans to sell 120 million shares in SUNAC China Holdings at HKD 4.42 to HKD 4.5 each to cash in HKD 530 million to HKD 540 million.

SUNAC China Holdings achieved CNY 27.4 billion contracted sales in the first ten months, leaping by 70 percent year on year; the figure accounts for 91 percent of full-year target. The stock has been rising recently and hit an all-time high at HKD 4.96 on November 26.

Source: www.yicai.com (November 29, 2012)

Copyright 2008 SinoCast Daily Business Beat. All rights reserved
 






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