Sundy Service Group (HKG:9608) unit Hangzhou Hehong Property Service terminated a letter of intent to purchase a property in Zhejiang Province, China.
The decision came after the property failed to satisfy the purchase conditions, according to a Hong Kong bourse filing on Monday.
The company had agreed to acquire the property from Greenland Holdings Group Hangzhou Shuangta Real Estate in November 2025.
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