Sunac China Holdings’ logo during an exhibition in the Zhejiang provincial capital of Hangzhou on May 25, 2015. Photo: Reuters.
Sunac China Holdings’ logo during an exhibition in the Zhejiang provincial capital of Hangzhou on May 25, 2015. Photo: Reuters.

Sunac shares see-saw over its Shaoxing unit’s struggle to collect US$619 million in sales proceeds

  • In a draft letter, the developer’s subsidiary in Shaoxing urged local authorities to release some 4 billion yuan (US$619 million) of sales proceeds
  • Sunac said the letter was a draft that accidentally leaked, and that the developer never has, and does not have the need to ask for help

Topic |   China property
Sunac China Holdings’ logo during an exhibition in the Zhejiang provincial capital of Hangzhou on May 25, 2015. Photo: Reuters.
Sunac China Holdings’ logo during an exhibition in the Zhejiang provincial capital of Hangzhou on May 25, 2015. Photo: Reuters.
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