HK-listed SUNAC picks 51% stake in two Chinese developers for $2.17b

HK-listed SUNAC picks 51% stake in two Chinese developers for $2.17b

The Sunac China Holdings Ltd. logo is displayed on a crane at one of the company's construction sites in Beijing, China, on Tuesday, March 10, 2015. Photographer: Tomohiro Ohsumi/Bloomberg

SUNAC China Holdings, a Hong Kong-listed real-estate developer, has announced the acquisition of 51 per cent stake each in two Chinese property developers for a total consideration of 15.27 billion yuan ($2.17 billion), per a company statement. 

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