Deals
Sunac Official Says Goldman Caused Bond Sale Cancellation
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An official at Sunac China Holdings Ltd., which cancelled its first bond sale this month, said Goldman Sachs Group Inc. inadvertently released confidential information regarding the developer’s finances to some investors.
Goldman Sachs was “in charge of marketing materials” for the bond offer and included 2011 financial forecasts in an investor presentation, raising compliance concerns, Feng Yanhong, an investor relations manager for Tianjin-based Sunac, said in a telephone interview from Beijing.