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Sunac China shares jump after $9.3 billion deal with Dalian Wanda

Reuters  |  HONG KONG 

HONG KONG (Reuters) - Shares of Sunac China Holdings Ltd raced nearly 7 percent on resumption of trade on Tuesday, a day after the acquisitive developer agreed to buy tourism projects and hotels from Chinese property giant Dalian Wanda Group for $9.3 billion. Sunac's shares, which have more than doubled in value this year, were suspended from trading on Monday ahead of news of the agreement, the second-biggest real estate deal ever in China, according to Reuters data. The companies are expected to sign an agreement by the end of this month. Shares of Sunac, which has a market value of ...

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First Published: Tue, July 11 2017. 10:38 IST