Hong Kong-listed developer is acquiring Erjin Management in an all-stock deal to bolster its asset-operations business without straining its cash reserves
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Sunac China said it plans to acquire a 100% stake in Erjin Construction Management Group for 123 million yuan. Photo: VCG
China Resources Land’s interim profit rose 16.2 per cent to 11.9 billion yuan, while Sunac’s loss narrowed by 14.4 per cent.
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