Country Garden Holdings: The sale of its 1.79% holding in shopping mall operator Zhuhai Wanda Commercial Management to Dalian Wanda Commercial Management Group helped shares in Country Garden climb 3% in Thursday trade.
Changes in control of Zhuhai Wanda, the world’s largest mall operator, came after Wang Jianlin’s Zhuhai Wanda failed to list in Hong Kong by end-2023 as stipulated under a 2021 deal with outside investors.
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
Chinese property giant Dalian Wanda Group has avoided an immediate repayment of more than US$4 billion to its investors after reaching an agreement with them.