BRIEF-Sunac China Says Chongqing Xiangyu Real Estate To Acquire 51% Of Xiang Rong He (Chongqing) Real Estate

Reuters04-08

April 8 (Reuters) - Sunac China Holdings Ltd :

* DISCLOSEABLE TRANSACTION

* TOTAL CONSIDERATION OF RMB540 MILLION

* CHONGQING XIANGYU REAL ESTATE & XIAMEN XIANGHE INVESTMENT TO ACQUIRE 51% STAKE OF XIANG RONG HE (CHONGQING) REAL ESTATE

* SEES UNAUDITED LOSS BEFORE TAX OF RMB250 MILLION IN RESPECT OF DISPOSAL

Further company coverage:

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

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