Sunac’s founder and chairman Sun Hongbin (left) walking with Wanda Group’s founder and chairman Wang Jianlin (right) as they head into a hastily summoned press conference on July 19 to announce the sale of the majority of Wanda’s hotels and theme parks. A third partner, Guangzhou R&F Properties, would emerge at the 11th hour -- and was even briefly excluded from the deal, and then subsequently restored -- to buy the majority of Wanda’s hotels. Photo: SCMP/Simon Song

As Sun Hongbin’s wealth triples, short sellers see a fat target

Topic |   China property

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Sunac’s founder and chairman Sun Hongbin (left) walking with Wanda Group’s founder and chairman Wang Jianlin (right) as they head into a hastily summoned press conference on July 19 to announce the sale of the majority of Wanda’s hotels and theme parks. A third partner, Guangzhou R&F Properties, would emerge at the 11th hour -- and was even briefly excluded from the deal, and then subsequently restored -- to buy the majority of Wanda’s hotels. Photo: SCMP/Simon Song
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