Number of locations
|Sun Hongbin (Chairman)|
Number of employees
Sunac China Holdings Limited, or Sunac, 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.
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.
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 with the IPO price of HK$3.48 per share.
In March 2020, the company reported profits of $3.7 billion in 2019, an increase of 57% from the previous year.
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 in 2017.