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BRIEF-Sunac China updates on investment in shares of Leshi Internet, Leshi Pictures & Leshi Zhixin
August 31, 2017 / 12:31 PM / 3 months ago

BRIEF-Sunac China updates on investment in shares of Leshi Internet, Leshi Pictures & Leshi Zhixin

Aug 31 (Reuters) - Sunac China Holdings Ltd:

* Proposed that material terms for injection of Leshi Pictures into Leshi Internet would be adjusted

* As revised asset restructuring plan of Leshi Internet was approved co expects injection of Leshi Pictures into Leshi Internet to proceed before Dec 31,2017

* Investment would have no material impact on the gearing ratio of group

* Investment loss & impairment provision from investment in Leshi Internet & Leshi Zhixin will be reflected in consol HY results of group Source text for Eikon: Further company coverage:

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