Sunac
Native name | |||
---|---|---|---|
Company type | public | ||
SEHK: 1918 | |||
Industry | Real estate | ||
Founded | 2003 | ||
Founder | Sun Hongbin | ||
Number of locations |
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Area served | China | ||
Key people | Sun Hongbin (Chairman) | ||
Number of employees | 24,105 | ||
Chinese name | |||
Simplified Chinese | |||
Traditional Chinese | |||
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Website | www |
Sunac China Holdings Limited, or Sunac (Chinese:
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 at the time.[2]
History
[edit]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]
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.
In March 2020, the company reported profits of $3.7 billion in 2019, an increase of 57% from the previous year.[6]
In April 2022, Sunac was among stocks that were suspended from trading after missing the deadline to report annual results, due to the 2020–2023 Chinese property sector crisis.[7]
In September 2023, Sunac filed for Chapter 15 bankruptcy.[8]
Corporate affairs
[edit]The company has an office in One Central (
References
[edit]- ^ "Sunac China Holdings Ltd (1918.HK)".
- ^ "Sunac China's shares soar as $9.3 billion Wanda property deal seen as positive". Reuters. Retrieved 2017-07-14.
- ^ "SUNAC CHINA HOLDINGS LTD. (1918)". Hong Kong Exchanges and Clearing. Retrieved 17 April 2019.
- ^ Wills, Ken, ed. (30 September 2010). "Sunac raises $337 million on HK IPO". Reuters. Hong Kong. Retrieved 17 April 2019.
- ^ Ho, Jane (2017-11-15). "China's Richest 2017: Property Developers Have A Banner Year". Forbes Asia. Retrieved 2018-10-02.
- ^ "Sunac China Defies Downturn, Reports 57% Leap in Profit for 2019". Mingtiandi. 2020-03-27. Retrieved 2020-10-08.
- ^ Winters, Patrick (April 1, 2022). "Stocks Suspended; Home Sales Slump Deepens: Evergrande Update".
- ^ "Sunac China Holdings Files for Chapter 15 in New York Court". Bloomberg. September 19, 2023. Retrieved September 19, 2023.
- ^ "Contact". Sunac. Retrieved 2022-11-02.
Beijing Add Address:Building 4, One Central, No.8,Dongzhimen North Street,Dongcheng District,Beijing[...]Zip code:100007[...]Tianjin Add Address:10/F, Building C7, Magnetic Plaza, Binshuixi Road, Nankai District, Tianjin[...]Zip code:300381
- Addresses in Chinese: "北京 办公区 地 址 :北京 市 东城区 东直门北大 街 8号 使 馆壹号 院 4号 楼 [...] 邮编:100007 [...]天津 办公区 地 址 :天津 市 南 开区宾水西道 奥 城 商 业广场C7-10层"