Sunac

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]

Sunac China Holdings Limited
融创中国控股有限公司
public
Traded asSEHK: 1918
IndustryReal estate
Founded2003
FounderSun Hongbin
Headquarters
Tianjin 
,
People's Republic of China 
Number of locations
  • Tianjin, China (general office)
  • Cayman Islands (registered office)
Area served
China
Key people
Sun Hongbin (Chairman)
Number of employees
24,105
Websitewww.sunac.com.cn

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 on 7 October 2010[3] with the IPO price of HK$3.48 per share.[4]

Acquisitions

In July 2017, Sunac acquired 13 tourism projects from Dalian Wanda for US$6.6 billion[5] The company also acquired a stake in Chinese streaming service le.com in 2017.

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 CHINA HOLDINGS LTD. (1918)". Hong Kong Exchanges and Clearing. Retrieved 17 April 2019.
  4. Wills, Ken, ed. (30 September 2010). "Sunac raises $337 million on HK IPO". Hong Kong. Reuters. Retrieved 17 April 2019.
  5. Ho, Jane (2017-11-15). "China's Richest 2017: Property Developers Have A Banner Year". Forbes Asia. Retrieved 2018-10-02.
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