Sunac China Holdings Limited, or Sunac (), is a major

property developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

headquartered in

Tianjin Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...

, 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 } Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...

Chongqing Chongqing ( or ; ; Sichuanese pronunciation: , Standard Mandarin pronunciation: ), alternately romanized as Chungking (), is a municipality in Southwest China. The official abbreviation of the city, "" (), was approved by the State Co ...

Wuxi Wuxi (, ) is a city in southern Jiangsu province, eastern China, by car to the northwest of downtown Shanghai, between Changzhou and Suzhou. In 2017 it had a population of 3,542,319, with 6,553,000 living in the entire prefecture-level city a ...

and other cities. In July 2017, Sunac reached a $9.3 billion deal to buy

Dalian Wanda Wanda Group (), or the Dalian Wanda Group (), is a Chinese multinational conglomerate founded in Dalian, Liaoning and headquartered in Beijing. It is a private property developer and owner of Wanda Cinemas and the Hoyts Group. With inves ...

's tourism projects and hotels, forming the second-biggest real estate deal ever in China at the time.

History

Sunac was founded in 2003 in Tianjin by

Sun Hongbin Sun Hongbin (; born 1963) is a Chinese American real estate developer. He is the founder, chairman, and majority owner of Sunac. Early life Sun was born in Shanxi province in 1963. Sun received his undergraduate education at the Wuhan Water Co ...

, previously the founder, chairman, and CEO of Sunco Group. It was listed on the

Hong Kong stock exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

on 7 October 2010 with the IPO price of HK$3.48 per share. In July 2017, Sunac acquired 13 tourism projects from

for US$6.6 billion The company also acquired a stake in Chinese streaming service ''

le.com Le.com (), known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing. Leshi Internet ...

'' in 2017. In March 2020, the company reported profits of $3.7 billion in 2019, an increase of 57% from the previous year. In April 2022, Sunac was among stocks that were suspended from trading after missing the deadline to report annual results, due to the 2020–2022 Chinese property sector crisis.

Corporate affairs

The company has an office in One Central (使馆壹) in

Dongcheng District, Beijing The Dongcheng District (; literally "east city district") of Beijing covers the eastern half of Beijing's urban core, including all of the eastern half of the Old City inside of the 2nd Ring Road with the northernmost extent crossing into the are ...

, and one in Magnetic Plaza (奥城商业广场) in Nankai District, Tianjin.
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"

References

External links

* {{Real estate companies of China Real estate companies of China Companies based in Tianjin Real estate companies established in 2003 Companies listed on the Hong Kong Stock Exchange Offshore companies of the Cayman Islands