Property News · January 18, 2017

Sunac’s 15bn yuan investment in LeEco is baffling to investors


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