Sunstone Development Co.Ltd(603612) announced that the company intends to purchase 949777% of Xinyuan shares held by the counterparty and raise supporting funds by means of non-public offering of shares and cash payment; The counterparty participated in the reorganization and agreed to negotiate with Sunstone Development Co.Ltd(603612) on the transaction scheme, share issuance price, valuation of underlying assets and other arrangements of the reorganization. The trading of the company’s shares has been suspended since April 28.
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