Property News · July 20, 2017

Sunac shares soar after it quit plans to buy Wanda’s hotel assets


Share prices of Sunac China Holdings and Guangzhou R&F Properties, the original and new buyers of Wanda Group’s hotel assets, surged on Thursday.
Sunac China’s Hong Kong-traded stock surged as much as 18 per cent in the morning, before scaling back to close 14.2 per cent up at HK$19.64.
R&F gained 6.8 per cent to close at HK$13.80, while those of Wanda Hotel Development, the Hong Kong-listed unit of Wanda Group, also gained 6.5 per cent to 82 HK cents.
Wanda’s US$9.3b…

Source : South China Morning Post
Read more…Sunac shares soar after it quit plans to buy Wanda’s hotel assets

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