Tue 09/28/2021 06:26 AM
Hong Kong-listed, China-based property developer Sunac China Holdings is planning to spin off its commercial properties business for a separate listing on the Hong Kong stock exchange, according to four buyside sources familiar with the matter.
The new entity may hold some of Sunac’s mixed-use commercial projects as well as assets acquired from other property developers and the IPO will increase the valuation of the assets and help Sunac improve its access to financing channels in the...
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