BRIEF-Sunac China Announces Transaction Worth RMB814 Mln

Reuters03-18

March 18 (Reuters) - Sunac China Holdings Ltd :

* DISCLOSEABLE TRANSACTION

* DEAL FOR RMB814 MILLION

* SHIJIAZHUANG ZHENGTAI CONSTRUCTION DEVELOPMENT TO TAKE UP 80% STAKE IN SHIJIAZHUANG CENTRAL BUSINESS DISTRICT DEVELOPMENT

* EXPECTS TO RECORD UNAUDITED GAIN BEFORE TAXATION OF RMB6.06 MILLION ON DISPOSAL

* CASH CONSIDERATION WILL BE UTILISED MAINLY FOR CONSTRUCTING AND GUARANTEEING DELIVERY OF PROPERTIES IN SHIJIAZHUANG

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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