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Sunac may revise purchase of Greentown stake
Published Mon, Nov 24, 2014 · 09:50 PM
Hong Kong
SUNAC China Holdings Ltd is considering revising an agreement to purchase a 24 per cent stake in Greentown China Holdings Ltd after the target's founder rescinded his wish to sell a stake in the Chinese developer.
Sunac, based in Tianjin, has already paid for the shares in order to "make further progress with the acquisition", it said in a statement to the Hong Kong stock exchange on Monday.
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