Chinese developer Sunac sells $530 mln American depositary shares of KE Holdings

Sunac China Holdings Ltd logo is seen during a exhibition in Hangzhou, Zhejiang province, China, May 25, 2015. . China Daily/via REUTERSRegister now for FREE unlimited access to reuters.comRegisterHONG KONG, Dec 8 (Reuters) – Sunac China Holdings Ltd (1918.HK) said on Wednesday it had sold $530 million worth of American depositary shares (ADS) of Chinese housing transactions and services platform KE Holdings Inc (BEKE.N) for raising working capital.The Chinese property developer had sold an aggregate 26.71 million ADS of KE Holdings, equivalent to 80.14 million KE Holdings Class A ordinary shares, in the open market between Oct. 29 and Dec. 7, it said in a …
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