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Sunac shares plunge as contagion from Wanda scrutiny spreads

Wednesday, July 19, 2017 - 05:50

China developer Sunac's acquisition from Wanda is Mr Sun's biggest gambit.


SUNAC China Holdings Ltd shares and bonds plunged after a local media report that domestic banks are reviewing its credit risk following a deal to buy assets from Dalian Wanda Group Co, a firm that has attracted scrutiny from China's leaders for its prolific deal binge.

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