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 Real Estate, land and the sale of developed land or parce ...

headquartered in

Tianjin Tianjin is a direct-administered municipality in North China, northern China on the shore of the Bohai Sea. It is one of the National Central City, nine national central cities, with a total population of 13,866,009 inhabitants at the time of the ...

, 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, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

Chongqing ChongqingPostal Romanization, Previously romanized as Chungking ();. is a direct-administered municipality in Southwestern China. Chongqing is one of the four direct-administered municipalities under the State Council of the People's Republi ...

Wuxi Wuxi ( zh, s=无锡, p=Wúxī, ) is a city in southern Jiangsu, China. As of the 2024 census, it had a population of 7,495,000. The city lies in the southern Yangtze delta and borders Lake Tai. Notable landmarks include Lihu Park, the Mt. Lings ...

and other cities. 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.

History

Sunac was founded in 2003 in Tianjin by

Sun Hongbin Sun Hongbin (; born 1963) is a Chinese-American businessman. 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 Conservancy a ...

, 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. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

on 7 October 2010 with the

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

price of HK$3.48 per share. In July 2017, Sunac acquired 13 tourism projects from Dalian Wanda for US$6.6 billion The company also acquired a stake in Chinese streaming service ''

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 former ...

'' 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 2020–2023 Chinese property sector crisis. In September 2023, Sunac filed for

Chapter 15 bankruptcy Chapter 15, Title 11, United States Code is a chapter of the United States Bankruptcy Code that deals with jurisdiction in certain bankruptcy cases. Under Chapter 15, foreign bankruptcy proceedings can be recognised by US courts and foreign re ...

. In January 2025, China Cinda (HK) Asset Management filed a winding-up petition over Sunac’s failure to repay a loan of US$30 million. The petition could lead to other creditors demanding accelerated payments or enforcement actions.

Corporate affairs

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

Dongcheng District, Beijing Dongcheng () is a district of the city of Beijing. It covers the eastern half of Beijing's urban core region, including all of the eastern half of the Old City inside of the 2nd Ring Road (Beijing), 2nd Ring Road with the northernmost extent cros ...

, 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 Companies that have filed for Chapter 15 bankruptcy Offshore companies of the Cayman Islands 2003 in Tianjin