Recent events
Recent events tied to this brand in public sources.
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2026
Sunac China announces acquisition of Erjin Management for RMB 123 million
Sunac China announced on the evening of August 24 that it plans to acquire 100% of Erjin Management for RMB 123 million, with the transaction to be completed through the issuance of shares. Sunac described the move as an important part of its strategic transformation toward an 'asset management + asset operation' model.
2021
Sunac Services proposes acquisition of Sunac China’s commercial business interests
Sunac Services announced that it proposed to acquire all of the commercial business interests held by its major shareholder, Sunac China, for RMB 1.8 billion. The article says the target would become an indirect wholly owned subsidiary of Sunac Services after completion.
2021
Sunac to terminate hotel management agreements with Wanda Hotel Development
Wanda Hotel Development announced that Sunac would terminate hotel management agreements covering 21 hotels that Sunac owned and managed. The report said the parties were negotiating follow-up arrangements and potential compensation.
2021
Sunac and Zhangtai agree to form a project-development joint venture
Sunac Southwest Group and Zhangtai Group entered a framework agreement to cooperate on developing target projects through a proposed joint venture. The proposed ownership is 80% for Sunac Southwest Group or its designee and 20% for Zhangtai Group and its affiliates.
2021
Sunac China releases 2020 annual results
Sunac China released its 2020 results, reporting revenue of approximately RMB 230.59 billion and net profit attributable to shareholders of approximately RMB 35.64 billion.
2020
Sunac China and GIC agree to establish a residential investment platform
Sunac China and GIC signed an investment agreement to establish a jointly held real estate investment platform with a total scale of RMB 7 billion, focused on high-end residential projects in core first- and second-tier Chinese cities. Sunac China holds 51% and GIC holds 49%.
2020
Sunac China ranked 66th in Fortune China 500 real estate list
Sunac China ranked 66th in Fortune's 2020 China 500 industry list for real estate, six places higher than the previous year.
2019
Sunac China and Beijing Capital Development sign strategic cooperation agreement
Sunac China, Beijing Capital Development and its financial platform Shoujin Capital signed a strategic cooperation agreement in Beijing covering project investment, financial innovation and industrial resources. Target total investment for the cooperation projects was RMB 20 billion, with a target fund size of RMB 10 billion.
2019
Sunac China and Kunming governments signed strategic cooperation agreements
On December 21, Kunming city and the governments of Xishan and Jinning districts signed strategic cooperation agreements with Sunac China to cooperate in areas including health and wellness and cultural tourism.
2019
Sunac and Japan's MCS deepen senior-care cooperation
Sunac China and Japanese senior-care operator MCS reached deep cooperation on senior-care concepts, professional service technology, expert teams and operational management experience.
2019
Sunac announces entry into healthcare and eldercare
At an event on December 5, Sunac China announced that it would comprehensively expand into the healthcare and eldercare industry.
2019
Sunac launches Rong Aijia healthcare and senior-care brand
Sunac China held a launch event for Rong Aijia, a healthcare and senior-care services brand, and said its healthcare and senior-care business would use the brand for nationwide expansion.
2019
Sunac China tops product-strength ranking and wins three product awards
Sunac China ranked first in the 2019 China Real Estate Product Strength TOP 100 list. Its Shanghai Taohuayuan, One Courtyard series and Fu series also received three named product awards.
2019
Sunac China announces acquisition of stakes in Universal Century and Times Universal
Sunac China announced that Sunac Southwest Group would acquire the 51% stakes held by Yunnan Urban Construction Group in Universal Century and Times Universal for approximately RMB 15.269 billion. The announcement stated that the two businesses would become indirect subsidiaries of Sunac after completion.
2019
Sunac discloses plan to acquire stakes in two Chengdu companies
Sunac China disclosed an arrangement under which its Southwest Group would acquire 51% stakes in Chengdu Huanshi Century Exhibition and Tourism Group and Chengdu Times Global Industrial from Yunnan City Investment Group for RMB 15.269 billion.
2019
Homebuyers protest price cuts at Sunac China development in Tianjin
Homebuyers gathered at the sales office of a Sunac China development in Tianjin to protest falling prices and demand refunds. The report says Sunac offered compensation options that buyers found unsatisfactory.
2019
Shanghai Lingang Group and Sunac China sign strategic cooperation agreement
Shanghai Lingang Group and Sunac China signed a strategic cooperation agreement covering real estate project development, cooperation in industrial parks and park expansion. They planned to establish a platform-level urban-renewal cooperation entity and jointly develop international communities.
2019
Sunac, Tsinghua University and Qingdao partners agree to establish a medical center
Sunac, Tsinghua University, the Qingdao municipal government and the West Coast New Area Administrative Committee signed an agreement to jointly establish the Tsinghua Sunac Qingdao Medical Center.