Sunac China: In Consolidation Mode (?)

Sunac China Holdings (“the company” or ”Sunac”) is a mid-sized Chinese property developer of high-end residential and commercial properties. Its business is predominantly located in Tier 1-3 cities within the Beijing/​Tianjin vicinity, Yangtze River Delta (“YRD”) and Pearl River Delta (“PRD”) regions. The company and its sponsors are known to exhibit highly opportunistic and aggressive qualities which have manifested itself in its early history in the international credit markets. Since then (with the assistance of relatively cheap debt and alternative funding sources), it has aggressively expanded its land bank and scope to encompass tourism/​cultural as well as TMT businesses. Read more: https://www.smartkarma.com/insights/sunac-china-in-consolidation-mode