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Sunac China Chairman Sun Hongbin

Cash-Strapped Sunac Selling Off Shenzhen Ski Project Stake for $509M

2023/01/04 by Greg Isaacson Leave a Comment

Struggling developer Sunac China Holdings has agreed to sell its majority stake in a sprawling indoor ski resort project in Shenzhen for RMB 3.6 billion ($509 million), two years after teaming up with a government-backed builder to purchase the site.

… Read More>>

sun hongbin

Sunac China Warns of Likely Default on $940M in Onshore Bonds

2022/03/26 by Christopher Caillavet Leave a Comment

Sunac China Holdings has become the latest mainland developer to raise the spectre of default, announcing Friday that it was unlikely to redeem two onshore bonds with a combined balance of RMB 6 billion ($940 million) when they come due… Read More>>

sun hongbin

Sunac China Defies Downturn, Reports 57% Leap in Profit for 2019

2020/03/27 by Charles McDermid Leave a Comment

Sunac China has declared an increase in annual profit of more than 57 percent, as the Tianjin-based developer capitalized on credit made available by Beijing to grow during an economic downturn.

In a report on Friday to the Hong Kong… Read More>>

Sun Hongbing

Sunac Pays RMB 1.16B to Add Pair of Shanghai Land Parcels to Pipeline

2019/04/02 by Jan Kot Leave a Comment

Sunac China won two residential plots in Shanghai’s most distant district on Monday, agreeing to pay the city government a total of RMB 1.16 billion ($170 million) for the sites on Chongming island, according to an announcement by the Shanghai… Read More>>

Yu Ying

Sunac China Names Former Baoneng, Poly Exec as New CEO

2019/01/03 by Mingtiandi Team Leave a Comment

Hong Kong-listed developer Sunac China Holdings has selected former Baoneng Group senior vice president Yu Ying as its new chief executive officer, according to a report in mainland news site The Paper.

The change in leadership at the top five… Read More>>

xu jiayin one

Xu Jiayin Ranks as China’s Richest Property Person for Second Straight Year

2018/10/22 by Emma Zhou Leave a Comment

China Evergrande Real Estate chairman and CEO Xu Jiayin leads the ranks of the mainland’s wealthiest real estate people for the second year in a row with assets estimated at RMB 215 billion ($31 billion), according to the annual Hurun Report… Read More>>

Sun Hongbing

Sunac China Buys Control of Failing Le Eco Units After Losing $2.6B

2018/09/26 by Emma Zhou Leave a Comment

China’s fourth largest real estate developer Sunac China Holdings has taken control of two of the three units of Jia Yueting’s financial-troubled LeEco company via court auction, at a price of RMB 773 million. The investment comes after the developer… Read More>>

HNA tails

HNA Misses $1.4B Payday as Airline Service IPO Scrapped and More Asia Real Estate Headlines

2018/03/28 by Michael Cole Leave a Comment

A trio of mainland conglomerates are claiming the attention of market watchers today, with HNA leading the news with a missed attempt at a $1.4 billion IPO in Switzerland. The troubled investment firm’s tech counterpart looks to be in worse… Read More>>

Sun Hongbin Kaisa

Sun Hongbin Resigns as Chairman of LeEco Unit as Mainland Media Firm Fails

2018/03/16 by Shawna Kwan Leave a Comment

Sunac chairman Sun Hongbin has stepped down as the chairman of Leshi Internet Information & Technology, a video streaming subsidiary of mainland new media trainwreck LeEco.

Sun resigned before his term’s expiration date of October 13 due to “job adjustments,”… Read More>>

Sun Hongbing

Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages

2018/03/13 by Shawna Kwan Leave a Comment

Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>

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