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China may have new property debt king after Sunac deal

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Published Tue, Jul 11, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Shanghai

AS SOME Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way.

Sunac China Holdings Ltd chairman Sun Hongbin oversaw an acquisition spree over the past year that culminated with Monday's US$9.3 billion purchase of assets from Dalian Wanda Group Co.

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