Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.
Quote | Sunac China Holdings Ltd (OTCMKTS:SCCCF)
Last: | $1.2103 |
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Change Percent: | 0.0% |
Open: | $1.210289 |
Close: | $1.2103 |
High: | $1.2103 |
Low: | $1.2103 |
Volume: | 36,000 |
Last Trade Date Time: | 02/16/2022 04:54:10 pm |
News | Sunac China Holdings Ltd (OTCMKTS:SCCCF)
2023-04-13 14:43:22 ET Summary China's economy is coming back from hard times during their 3 year severe Covid-19 restrictions, so consider iShares MSCI China A ETF. Sentiment is improving in the important real estate sector. Manufacturing will evolve and China is still going ...
2023-03-28 15:15:54 ET Sunac China Holdings ( OTC:SCCCF ) ( OTC:SNCHY ) has reach a pact with a group of bondholders as the distressed Chinese property developer released the game plan for its debt restructuring plan, according to a Hong Kong exchange filing dated Tuesday. ...
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