Sunac China Holdings has been confronted with consistent doubts from investors over its 15 billion yuan investment into cash-starved LeEco, with volatile share trading this week evidence of a mixed, if not baffling attitude toward the deal.
The developer’s Hong Kong-listed shares swung between big losses and minor gains on Monday and Tuesday, amid investor concerns over the lack of synergy between the real estate and internet companies. Sunac traded 1 per cent up as of 1.22pm Wednesday….
Source : South China Morning Post
Read more…Sunac’s 15bn yuan investment in LeEco is baffling to investors















