29.05.2015 05:27:00
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Sunac China Holdings Limited -- Moody's: Abandoned bid to takeover Kaisa will strengthen Sunac's liquidity profile
Hong Kong, May 29, 2015 -- Moody's Investors Service says that Sunac China Holdings Limited's (B1 stable) announcement on 28 May 2015 that it had decided to terminate the agreement to purchase a controlling stake in the troubled property developer, Kaisa Group Holdings Ltd (Ca negative) will support Sunac's liquidity position and prevent Sunac's overall financial profile from weakening.