Deals
Chinese Tycoon's Journey From Prison Inmate to White Knight
This article is for subscribers only.
Two decades ago, Sun Hongbin was in prison and fighting to overturn a conviction on charges he’d embezzled company funds.
Today, the Chairman and Chief Executive Officer of Sunac China Holdings Ltd., the Tianjin-based property developer he founded in 2003, is one of the country’s wealthiest business executives. He’s also rescuing cash-strapped Kaisa Group Holdings Ltd., which was at risk of becoming the first Chinese real estate company to default on its dollar-denominated bonds.