Another property IPO fails as Sunac China calls off listing
Sunac China Holdings, a residential property developer based in Tianjin, called off its $286m Hong Kong initial public offering on Monday, adding to the list of failed deals from the crowded Chinese property sector.
Sunac was bidding to become the tenth Chinese developer to list in Hong Kong since only September, and bankers blamed the glut of IPOs from the sector for the disappointing response from investors.
Sunac said it had decided not to pursue with the original timetable "in view of
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