Shares of both the original and new buyers of Wanda’s hotel assets surge on Thursday. Wanda is selling its hotels to Guangzhou R&F and its tourism-related projects to Sunac China. Photo: EPA

Sunac shares soar after it quit plans to buy Wanda’s hotel assets

Sunac China’s Hong Kong-traded shares surge as much as 18 per cent; R&F Properties rise as much as 10.7 per cent

TOP PICKS

Shares of both the original and new buyers of Wanda’s hotel assets surge on Thursday. Wanda is selling its hotels to Guangzhou R&F and its tourism-related projects to Sunac China. Photo: EPA
READ FULL ARTICLE