Sunac

Sunac China Holdings Limited
融创中国控股有限公司
public
Traded as SEHK: 1918
Industry Real estate
Founded 2003
Founder Sun Hongbin
Number of locations
  • Tianjin, China (general office)
  • Cayman Islands (registered office)
Area served
 China
Key people
 Sun Hongbin (Chairman)
Number of employees
 24,105
Website www.sunac.com.cn

Sunac China Holdings Limited, or Sunac, is a major property developer headquartered in Tianjin, China. The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other cities.[1]

In July 2017, Sunac reached a $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels, forming the second-biggest real estate deal ever in China.[2]

History

Sunac was founded in 2003 in Tianjin by Sun Hongbin, previously the founder, chairman, and CEO of Sunco Group. It was listed on the Hong Kong Stock Exchange in October 2010[3] with the IPO price of HK$3.48 per share.

Acquisitions

In July 2017, Sunac acquired 13 tourism projects from Dalian Wanda for US$6.6 billion[4]

References

  1. ↑ Sunac China Holdings Ltd (1918.HK)
  2. ↑ "Sunac China's shares soar as $9.3 billion Wanda property deal seen as positive". Reuters. Retrieved 2017-07-14.
  3. ↑ Sunac raises $337 million on HK IPO
  4. ↑ "China's Richest 2017: Property Developers Have A Banner Year". Forbes.com. 2017-11-15. Retrieved 2018-10-02.
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