Developer Sunac to buy joint venture stakes from Greentown for 15.5 billion yuan

Mainland developer Sunac China has agreed to pay 15.5 billion yuan (HK$19.3 billion), including 4.2 billion in debt, within three months for the stakes it does not own in two 50:50 joint ventures with Greentown China, in a final move to part from its former close working

via South China Morning Post - Business feed http://www.scmp.com/business/companies/article/1671615/developer-sunac-buy-joint-venture-stakes-greentown-155-billion