You are here

Sunac to pay 63.2b yuan for Wanda assets in China's largest property deal

BT_20170711_SYSUN11_2975119.jpg
Sunac halted trading of its shares in Hong Kong on Monday pending an announcement of a "very substantial" acquisition.

Hong Kong

SUNAC China Holdings Ltd agreed to buy hotels, land and projects from Dalian Wanda Group Co for 63.2 billion yuan (S$12.9 billion) in China's largest property deal, as billionaire chairman Sun Hongbin moves to take advantage of competitors shedding assets.

Sunac will buy

sentifi.com

Market voices on:

Editor's Choice

Powered by GET.comGetCom