Sunac Services Settles RMB26 Million in Group Receivables via Car Park Asset Transfers
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Sunac Services Holdings Ltd. has announced a series of debt settlement agreements with affiliated companies, acquiring car parking spaces and properties in Shanghai and Guangzhou to settle outstanding receivables valued at approximately RMB26.26 million. These transactions are classified as connected transactions under Hong Kong listing rules, exempting them from circular issuance and independent shareholders’ approval. The latest analyst rating for Sunac Services Holdings (HK:1516) is a Hold with a price target of HK$1.50.
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