Sun Hongbin Net Worth is$1.15 Billion
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Sun Hongbin Net Worth: Sun Hongbin is a Chinese-American businessman who has a net worth of $1.15 billion. Having built a fortune developing property in his hometown of Tianjin, Sun Hongbin makes his debut among billionaires this year as the chairman of property developer Sunac China Holdings. Sunac's shares almost tripled in value throughout the last year amid hopes for recovery in China's real estate market. Taking advantage of the stock rally, the company successfully raised cash through a January 2013 stock sale, thus reducing Sun's stake in the company from 51.8% to 47.1%. Sun Hongbin is a U.S. citizen with current residence in Tianjin, China.
Sunac China Holdings Limited (SEHK: 1918), headquartered in Tianjin, People's Republic of China, is one of the leading residential property developers in China.The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other select cities.
Sunac China 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 in October 2010 with the IPO price of HK$3.48 per share.

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Sun Hongbin Latest News

Leshi chairman Sun Hongbin resigns after eight months in office

After only eight months as chairman, Sun Hongbin, also chairman of Leshi's second largest shareholder Sunac China Holdings Ltd, has decided to leave, Leshi said in a filing to the Shenzhen stock exchange. Sun will also leave the board of Leshi. Debt-laden ...
Posted: March 14, 2018, 4:50 am

LeEco Crisis Deepens as Sun Hongbin Quits as Leshi Chairman

Chinese property tycoon Sun Hongbin has resigned as chairman of Leshi Internet Information & Technology. The company is part of the embattled LeEco phones to cars group, that also includes streaming video and Hollywood investor LeVision. Sun’s departure ...
Posted: March 15, 2018, 12:37 am

White knight's departure adds to Leshi woes

Chinese property tycoon Sun Hongbin has resigned as chairman of Leshi Internet Information & Technology Corp, the listed arm of Chinese internet company LeE-co, adding to the uncertainty surrounding the debt-laden company. After only eight months as ...
Posted: March 16, 2018, 2:17 pm
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