HONG KONG: Chinese real estate developer Sunac China Holdings Ltd will buy property businesses for a consideration of 13.8 billion yuan ($2.07 billion) from Legend Holdings, according to a stock exchange notification.
After the transaction is completed, Sunac will own 42 property projects via companies in 16 cities including Beijing, Tianjin, Chongqing and Hangzhou, according to the notification. ($1 = 6.6707 Chinese yuan renminbi)
By: Saikat Chatterjee & Editing by Stephen Coates
Get more of real estate
Subscribe to our mailing list and get interesting real estate stuff updates to your email inbox.