DALIAN, China Cash-strapped developer Dalian Wanda Group, a major Chinese conglomerate and the country's largest shopping mall operator, is selling off…
Chinese property giant
Dalian Wanda Group Co. has avoided an immediate repayment of
more than $4 billion to its investors after reaching an
agreement with them, according to a statement by the firm. -December 12, 2023 at 01:26 am EST
- MarketScreener
(Bloomberg) Billionaire Wang Jianlin is giving up control of Dalian Wanda Group Co.’s mall operator to avoid repaying pre-IPO investors after the unit failed to list this year.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesRaimondo Vows ‘Strongest Possible’ Action on Huawei’s Chip BreakthroughHarvard’s Deepening Disunity Pits Alumni Against FacultyJack Ma’s Biggest E-Commerce Rival Is Coming