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.
融創(Sunac)的主題公園交易是爲了搶地，而不是「向米老鼠致敬」。自從這家開發商宣佈將從對手大連萬達(Dalian Wanda)購買大量股份以來，兩週時間裏發生了很多事情。週二，融創中國表示將增發新股募集40.3億港元（合5.16億美元）以「優化資本結構」。此舉對抑制不斷高漲的債務並無太大幫助，但也不是財務緊張的徵兆。
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