Deals
Chinese Land Grab: Sunac's Big Appetite Helps Fuel Record Deals
- Purchases boom as pressure grows on smaller developers
- Citigroup sees ‘mega-consolidation’; Vanke also boosts numbers
Sunac Will Buy 76 Hotels From Wanda
This article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
A $9 billion deal by billionaire Sun Hongbin’s Sunac China Holdings Ltd. adds to the trend of Chinese property developers swallowing up rivals and their land at a record pace.