February 14, 2018 / 11:37 AM / 8 months ago

BRIEF-Sunac China Holdings Updates On Investment in Leshi Internet

Feb 14 (Reuters) - Sunac China Holdings Ltd:

* REFERS TO INVESTMENT BY CO IN AGGREGATE AMOUNT OF ABOUT RMB15.041 BILLION IN LESHI INTERNET, LESHI ZHIXIN AND LESHI PICTURES​

* ‍BELIEVES THAT COMMERCIAL TERMS OF INVESTMENT WILL NOT BE AMENDED AS RESULT OF TERMINATION OF RESTRUCTURING PROPOSAL

* INVESTMENT WILL NOT BE WITHDRAWN OR TERMINATED

* LESHI INTERNET HAD PUBLISHED AN ANNOUNCEMENT IN JAN ANNOUNCING ITS DECISION TO TERMINATE RESTRUCTURING PROPOSAL

* ON 19 JAN 2018, LESHI INTERNET ANNOUNCED ITS DECISION TO TERMINATE RESTRUCTURING PROPOSAL Source text for Eikon: Further company coverage:

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