After Wanda Deal, Chinese Property Developer Faces Debt Risk<br />The company said in a statement to the Hong Kong Stock Exchange on Tuesday<br />that the deal with Wanda “will add a large number of prime land reserves and property assets for the company at a reasonable cost<br />“But I often tell others: After you fail, you can start again.”<br />With the Wanda deal, Sunac is extending its reach into tourism, paying $9.3 billion for 76 hotels<br />and a major chunk of its 13 tourism projects, in the country’s largest property acquisition ever.<br />By SUI-LEE WEEJULY 14, 2017<br />BEIJING — The Chinese property developer Sunac China Holdings has turned into one of the country’s<br />biggest white knights, swooping in to help troubled companies with too much debt.
