Sunac’s theme park deal is a land grab, not a compliment to Mickey Mouse. Much has happened in the two weeks since the developer announced it would buy a slew of stakes from rival Dalian Wanda. On Tuesday, Sunac said that it would raise HK$4.03bn ($516m) from a share sale to “optimise the capital structure”. This will do little to restrain soaring debt. But nor is it a sign of distress.
融创(Sunac)的主题公园交易是为了抢地，而不是“向米老鼠致敬”。自从这家开发商宣布将从对手大连万达(Dalian Wanda)购买大量股份以来，两周时间里发生了很多事情。周二，融创manbetx3.0 表示将增发新股募集40.3亿港元（合5.16亿美元）以“优化资本结构”。此举对抑制不断高涨的债务并无太大帮助，但也不是财务紧张的征兆。
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