Chinese tycoon fights to save his empire after $59b wipeout smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Wanda s liquidity woes dwarf every other indebted builder in the world. If a proposed share sale fails to go public by the year-end, Wanda, China s biggest shopping mall operator, will have to repay its pre-IPO investors, who bought in about two years ago, around $5.6 billion
Government agencies took years before paying heed to community pleas. Residents believe the action taken might have been too late. The story of sand mining in Ilocos Sur serves some hard lessons for ongoing concessions and explorations