{"id":84136,"date":"2018-03-29T10:39:48","date_gmt":"2018-03-29T03:39:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-makes-us2-62-billion-provision-for-investment-losses-related-to-leshi\/"},"modified":"2018-03-29T12:03:13","modified_gmt":"2018-03-29T05:03:13","slug":"sunac-china-makes-us2-62-billion-provision-for-investment-losses-related-to-leshi","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-makes-us2-62-billion-provision-for-investment-losses-related-to-leshi\/","title":{"rendered":"Sunac China makes US$2.62 billion provision for investment losses related to Leshi"},"content":{"rendered":"


\nSunac China has set aside 16.6 billion yuan (US$2.62 billion) for possible losses related to its investment and guarantees in the debt-laden Leshi Internet Information and Technology, after conceding that efforts to revitalise the company have been inconclusive.
\nSunac, the fourth-largest developer in China by sales value, announced the provision in its 2017 annual results filed Thursday morning. The provision figure includes 9.98 billion yuan for a debt write down, 2.1 billion yuan of impaired…
\n
\nSource : South China Morning Post
\nRead more…Sunac China makes US.62 billion provision for investment losses related to Leshi<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sunac China has set aside 16.6 billion yuan (US$2.62 billion) for possible losses related to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-84136","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lT2","jetpack-related-posts":[{"id":127353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-may-miss-instalment-payment-on-4-billion-yuan-bond-as-lockdowns-pile-pressure-on-beleaguered-chinese-developer\/","url_meta":{"origin":84136,"position":0},"title":"Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","date":"June 25, 2022","format":false,"excerpt":"\r Sunac was supposed to repay 400 million yuan in a second instalment payment on the bond on June 30.\r \r Source : South China Morning Post\r Read more...Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunacs-15bn-yuan-investment-in-leeco-is-baffling-to-investors\/","url_meta":{"origin":84136,"position":1},"title":"Sunac\u2019s 15bn yuan investment in LeEco is baffling to investors","date":"January 18, 2017","format":false,"excerpt":"\r 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\u2019s Hong Kong-listed shares swung between big losses and minor gains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cr-land-sunac-post-better-interim-results-in-signs-of-property-recovery\/","url_meta":{"origin":84136,"position":2},"title":"CR Land, Sunac post better interim results in signs of property recovery","date":"August 27, 2025","format":false,"excerpt":"\r China\u2019s embattled property market is showing signs of a tentative recovery, as some developers posted stronger earnings and reduced losses, supported by government stimulus measures and recovering consumption. China Resources Land\u2019s first-half net profit increased by 16.2 per cent from last year to 11.9 billion yuan (US$1.66 billion), according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62557,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-to-sell-up-to-us1-billion-of-bonds-to-refinance-debt-from-its-shopping-spree-for-assets\/","url_meta":{"origin":84136,"position":3},"title":"Sunac to sell up to US$1 billion of bonds to refinance debt from its shopping spree for assets","date":"August 2, 2017","format":false,"excerpt":"\r Sunac China, one of the country\u2019s biggest asset buyers in the past year, is planning to sell up to US$1 billion in dollar-denominated bonds to raise funds to refinance its debt, after a six-month, 100 billion yuan (US$14.9 billion) shopping spree for theme parks, a video streaming company and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-seeks-us537-million-in-share-placement-after-wanda-acquisition\/","url_meta":{"origin":84136,"position":4},"title":"Sunac seeks US$537 million in share placement after Wanda acquisition","date":"July 24, 2017","format":false,"excerpt":"\r Sunac China, one of the country\u2019s most indebted developers, is raising up to HK$4.2 billion (US$537 million) in a share placement after it agreed to buy Dalian Wanda Group\u2019s tourism projects for 43.8 billion yuan last week. Sunac China is selling 220 million shares, priced between HK$18.33 to HK$19.10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/explainer-heres-whats-in-wanda-and-sunac-after-chinas-largest-single-property-deal\/","url_meta":{"origin":84136,"position":5},"title":"Explainer: Here\u2019s what\u2019s in Wanda and Sunac after China\u2019s largest single property deal","date":"July 12, 2017","format":false,"excerpt":"\r Wang Jianlin, China\u2019s wealthiest magnate, this week announced a surprise sale of the majority of his hotel and tourism portfolio for 63 billion yuan to Sunac China. Wang Jianlin sells most of Wanda hotel and tourism portfolio to rival magnate for US$9.3 billion Sunac, founded by Shanxi tycoon Sun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84136"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=84136"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}