China: SUNAC BUYS $2.2 BIL STAKE IN CHINESE TECH GIANT LE ECO

China’s seventh largest property developer now seems determined to be a player in the country’s high tech sector after Sunac Holdings chairman Sun Hongbin agreed to pay the equivalent of $2.2 billion for a stake in cash-strapped LeEco, according to a recent statement to the Hong Kong stock exchange. Read more on: www.mingtiandi.com
Source : China: SUNAC BUYS $2.2 BIL STAKE IN CHINESE TECH GIANT LE ECO