Sunac China Holdings (HK:1918) has released an update.
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Sunac China Holdings is selling its 46.67% stake in a joint venture to Sun Island Group for approximately RMB1,021 million. The proceeds from the sale will be used to repay debts and support property development projects in Harbin. This transaction marks a strategic financial move for Sunac, aligning with its broader business objectives.
For further insights into HK:1918 stock, check out TipRanks’ Stock Analysis page.
