trending Market Intelligence /marketintelligence/en/news-insights/trending/RB38OWNE43iCn8jOqVaPew2 content esgSubNav
In This List

Sunac China amends 4.39B yuan deal with Top Spring

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Sunac China amends 4.39B yuan deal with Top Spring

Sunac ChinaHoldings Ltd. tapered its 4.39 billion-Chinese-yuan with Top SpringInternational Holdings Ltd. to around 4.23 billion yuan.

Pursuant to supplemental agreements, the Beijing Top SpringShunze Flower Garden project owned by Jun Hong Da Information Consultancy(Shenzhen) Co. Ltd. will be excluded from the deal because Top Spring's jointventure partner for Beijing Top Spring exercised its option to take fullownership of the project, according to the filing.

As such, Sunac deducted the purchase price for the projectand the associated intercompany loan from the total purchase price.

Sunac plans to issue a circular for more details about theproposed transaction on or before July 31. It also plans to hold anextraordinary general meeting to seek shareholders' approval for the deal.

As of July 22, US$1was equivalent to 6.68 Chinese yuan.