China: SUNAC MOVES FORWARD ON RMB 4.4B DEAL TO ACQUIRE 7 MAINLAND PROJECTS

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Real estate developer Sunac China Holdings is asking for shareholder approval on a RMB 4.4 billion ($663 billion) deal to acquire seven projects in six Chinese cities, including developments in Shanghai, Hangzhou and Shenzhen, from Hong Kong-based competitor Top Spring International Holdings.

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Source : China: SUNAC MOVES FORWARD ON RMB 4.4B DEAL TO ACQUIRE 7 MAINLAND PROJECTS