September 1, 2017 / 2:19 AM / a year ago

China's Sunac says to slow down purchases of land, aims to cut gearing

HONG KONG, Sept 1 (Reuters) - Sunac China Holdngs Ltd , the country’s sixth largest property developer by sales, said on Friday it planned to go slower in its purchases of land, aiming to boost profits and it was also seeking to cut its net debt ratios.

Vice President Gao Xi made the comments at a briefing on Friday, one day after it announced that core profit tripled in the first six months of the year. (Reporting by Clare Jim and Donny Kwok; Editing by Edwina Gibbs)

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