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Sunac (01918.HK) has fallen more than 7% in the afternoon, reportedly that its Shaoxing subsidiary seeks local government assistance
According to Bloomberg News quoted a letter from the Shaoxing subsidiary of Sunac China (01918.HK), the company has encountered obstacles and difficulties in liquidity and is seeking assistance from local governments. Relevant letters disclosed that since June 3, Shaoxing has repeatedly introduced the property market regulation and control policies, and the regulation is very strong, leading to…
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