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Sunac China Holdings (1918.HK) is ending the week on a high note after a rejig of the terms of its asset acquisition deal with Wanda Commercial Property separating it from the strife that Wanda has recently fallen under. Nomura analyst Elly Chen has more on the revised deal: Sunac signed the framework agreement with Wanda on 19 July regarding the asset acquisition. 3) Sunac will pay CNY15.0bn within two days, CNY14.4bn within 45 days, and the remaining CNY14.4bn within 90 days, and Wanda will not provide loans to Sunac.
Corrections & Amplifications for edition of July 21, 2017.
Dalian Wanda’s plans to sell theme park and hotel assets took a big turn Wednesday after the deal announced last week came under fire from major credit ratings firms.