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Sunac's US$2b LeEco injection making investors nervous
Property developer's stake in cash-strapped tech giant seen as lacking in synergy
Add BT as a preferred sourcePublished Mon, Jan 16, 2017 · 09:50 PM
Hong Kong
SUNAC China Holdings fell the most in more than 16 months in Hong Kong as investors questioned the real estate developer's US$2.2 billion bet on Chinese tech tycoon Jia Yueting's cash-strapped LeEco empire.
The stock slumped as much as 10 per cent, the biggest intraday decline since Aug 26, 2015, and traded 6.2 per cent lower at HK$6.84 as of 1:37 pm local time, paring this year's gain to 6 per cent.
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