Sunac China Holdings Limited, or Sunac (Chinese: 融创; pinyin: Róngchuàng), 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
Headquarters entrance at One Central, Dongzhimen, Beijing, China
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]
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]
^"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"
External linksedit
Official website
December 15, 2023
sunac, confused, with, sunak, sumac, china, holdings, limited, chinese, 融创, pinyin, róngchuàng, major, property, developer, headquartered, tianjin, china, company, focuses, large, scale, medium, high, property, developments, does, only, focus, home, market, ti. Not to be confused with Sunak or Sumac Sunac China Holdings Limited or Sunac Chinese 融创 pinyin Rongchuang 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 LimitedHeadquarters entrance at One Central Dongzhimen Beijing ChinaNative name融创中国控股有限公司TypepublicTraded asSEHK 1918IndustryReal estateFounded2003FounderSun HongbinNumber of locationsBeijing China general office 1 Tianjin China general office 2 Cayman Islands registered office Area servedChinaKey peopleSun Hongbin Chairman Number of employees24 105Chinese nameSimplified Chinese融创中国控股有限公司Traditional Chinese融創中國控股有限公司TranscriptionsWebsitewww wbr sunac wbr com wbr cnIn 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 Contents 1 History 2 Corporate affairs 3 References 4 External linksHistory editSunac 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 editThe company has an office in One Central 使馆壹 in Dongcheng District Beijing and one in Magnetic Plaza 奥城商业广场 in Nankai District Tianjin 9 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 External links editOfficial website nbsp Retrieved from https en wikipedia org w index php title Sunac amp oldid 1176077666, wikipedia, wiki, book, books, library,
