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THURSDAY, December 01, 2022
nationthailand
Chinese developer Sunac to buy $9.3 bn of Wanda assets

Chinese developer Sunac to buy $9.3 bn of Wanda assets

MONDAY, July 10, 2017

SHANGHAI - Property Developer Sunac China Holdings plans to spend $9.3 billion on 76 hotels and a majority stake in 13 other assets from Chinese conglomerate Wanda, the two companies announced on Monday.

They gave little explanation for the deal, but Wanda is among companies that have been the target of official scrutiny into potentially risky loans stemming from an aggressive wave of overseas acquisitions.

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