Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters
Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters
China property

Mainland developer Sunac China proposes to spin off property services arm and list it in Hong Kong

  • Sunac China will own at least 50 per cent stake in Sunac Services Holdings after the spin off and listing, according to IPO application
  • Sunac Services, which made a profit of US$34.8 million last year, manages some 635 property projects in China

Topic |   China property
Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters
Sunac China, mainland’s fourth largest developer by sales, plans to spin off it property management unit in Hong Kong. Photo: Reuters
READ FULL ARTICLE