Sunac China Instructs Its Branches to Buy Leshi Products
Zhang Xia
/SOURCE : Yicai
Sunac China Instructs Its Branches to Buy Leshi Products

(Yicai Global) Nov. 15 -- Real estate developer Sunac China Holdings Ltd. [HK:1918] is doing everything it can to help cash-strapped Leshi Internet Information & Technology Corp., Beijing [SHE:300104], and has instructed its branch companies to buy Leshi products.

Leshi televisions will become a must at all of its branch companies, demonstration zones and projects that require TVs, an internal document released by Sunac China shows. Sunac's residences, apartments, tourism properties and other in-process projects will introduce Leshi offerings.

Sunac China said in January that it would buy shares of Leshi Internet, Leshi Zhixin Electronic Technology (Tianjin) Co. and Le Vision Pictures Co. for USD2.26 billion (CNY15 billion). Sunac China Board Chairman Sun Hongbin is serving as the board chairman of Leshi Internet.

Sunac China previously said that it is still optimistic about Leshi Internet and its future value and has made efforts to help Leshi adjust its all-round structure and promote business development.

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Keywords: Sunac China , Leshi TV