Sunac

It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other cities.

[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.

[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.

[8] 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.