Sunac, a Tianjin-based property developer registered in the Cayman Islands, is moving in on divested assets as different Chinese travel companies are struggling to get their balance sheets in order.

Although it is relying on debt to fuel its growth, Sunac’s valuation has risen by 200% over the last 12 months, with investors apparently liking the company as the only top 10 Chinese developer with an “aggressive expansion” strategy.

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