Sun Hongbin,founder of Sunac China Holdings (01918.HK), has a reputation for being an “M&A maniac”, or but many of the deals he orchestrated enjoy somehow fallen apart or ended in catastrophe. Sun had sought to rescue the debt-laden Leshi,pouring billions of yuan into the ailing operation last year. Later, Leshi founder Jia Yueting fled […]
Source: ejinsight.com