According to information disclosed by Greentown China Holdings Limited, Sunac's proposed acquisition of the equity interest in the Sunac Greentown Joint Ventures had yet to be approved by the board of directors of Greentown, and was considered by the board to be a unilateral arrangement on the part of Sunac. At that time, Greentown also publicly stated that it was seeking legal advice regarding these matters.
After consultation with our lawyers, Wharf decided to take legal action to restrain Mr. Sun Hongbin and Sunac from making any further similar comments or statements, and reserve all its rights to pursue the matter further.
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Media Contacts:Corporate Communication Department
Agnes Hui / Catherine Fu
Tel: (852) 2118-2196
E-mail: pr@wharfholdings.com
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