Road King Infrastructure, a toll operator, said it has 1.2 billion yuan (150 million US dollars) worth of options to acquire stakes in development projects totaling up to seven million square meters of gross floor area from its partner, Sunco China, a property developer in the Mainland, The Standard reported. Under its arrangement with the Tianjin-based Sunco Group, which has 42 projects in 16 mainland cities, Road King has options to develop a huge project in Suzhou, near Shanghai, costing up to 380 million yuan (47.5 million US dollars), within nine months, said the paper. The project, called Phoenix Land, comprises two sites totaling 650,000 square meters, located in Suzhou Industrial Park, the mega cooperative development between the mainland and Singaporean governments. Road King said it also has the right to purchase 55 percent stakes in two separate Sunco subsidiaries, one for 480 million (60 million US dollars), and a second unit for 400 million HK dollars (53.33 million US dollars), within six months and one year. "This potential transaction [with Sunco] points to the ongoing shift in Road King's strategy towards investments in property development projects in China, a process that will raise its overall business risk profile and cash flow volatility," Moody's said.