Property News · September 1, 2017

Chinese magnate Sun Hongbin says his 15 billion yuan LeEco bailout brought tears to his eyes


Sun Hongbin is nothing if not indefatigable. The real estate magnate, exonerated from a four-year jail sentence for embezzlement, sprang back to build Sunac China over a decade into one of the country’s most aggressive asset buyers and biggest property developers.
Sunac bought more than a dozen theme parks from tycoon Wang Jianlin’s Dalian Wanda Group in July for 43.8 billion yuan, part of the largest real estate transaction in the country’s corporate history.
But if there…

Source : South China Morning Post
Read more…Chinese magnate Sun Hongbin says his 15 billion yuan LeEco bailout brought tears to his eyes

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