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3 months ago
BRIEF-Sunac China updates on acquisition of equity and debt interests in Tianjin Xingyao
May 12, 2017 / 12:39 PM / 3 months ago

BRIEF-Sunac China updates on acquisition of equity and debt interests in Tianjin Xingyao

May 12 (Reuters) - Sunac China

* Tianjin Sunac, unit, as purchaser, entered into cooperation agreement with Kunming Xingyao, as vendor

* Total consideration for acquisition was RMB10.25 billion

* Upon completion of acquisition, 80% equity interest in Tianjin Xingyao will be held by company

* Tianjin Sunac agreed to acquire 80% equity interest in Tianjin Xingyao Source text for Eikon: Further company coverage:

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