Sunac Drops Talks With Yurun in Favor of Controlling Shareholder

Updated on
  • Pact Too Complicated to Complete in Time Acceptable for Yurun
  • Company to Have Right to Participate in Any Deal Sun Arranges

Sunac China Holdings Ltd., the Chinese developer that dropped a takeover bid for Kaisa Group Holdings Ltd. this year, called off talks to form a partnership with a indebted foodmaker and will let its chairman try to cut a deal instead.

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