[ET Net News Agency, 8 May 2020] Sunac China Holdings Limited (01918) said on 6 May
2020 and 7 May 2020, Runding Property and Runze Property (the vendors, indirect
wholly-owned subsidiaries of the company), sold on the open market by way of block trades
with a total of 266.99 million Jinke shares at RMB8 per share, representing approximately
5% of the total issued share capital of Jinke Property, for an aggregate consideration of
approximately RMB2.136 billion.
On 13 April 2020, Jujin Property, an indirect wholly-owned subsidiary of the company,
has agreed to sell a total of 587.37 million Jinke shares to Guangdong Hongmin,
representing approximately 11% of the total issued share capital of Jinke Property, at a
sale price of RMB8 per share and the consideration was approximately RMB4.699 billion.
The group has in aggregate disposed of 854.35 million Jinke shares, representing
approximately 16% of the total issued share capital of Jinke Property, for a total
consideration of approximately RMB6.835 billion. The disposals enable the group to receive
a good return on the investment, which further optimize the asset structure of the group.
(RC)