Sun Hongbin, founder and chairman of Sunac China, during the interim results press conference in Hong Kong. Photo: SCMP / Jonathan Wong

Chinese magnate Sun Hongbin says his 15 billion yuan LeEco bailout brought tears to his eyes

Sunac, whose gearing had almost doubled to 394 per cent, said it’s aiming to pare debt down to 90 per cent by the end of 2018, and to 70 per cent a year later.

Topic |   China property

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Sun Hongbin, founder and chairman of Sunac China, during the interim results press conference in Hong Kong. Photo: SCMP / Jonathan Wong
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