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Wanda sells cinema unit stake

Dalian Wanda Group is selling an 8.26% stake in its cinema unit to raise nearly RMB 2.2 billion ($307 million) as the conglomerate faces liquidity pressure, reports Caixin. Wanda Film Holding's controlling shareholder, Beijing Wanda Investment, is selling 180 million shares to Lu Lili, the wife of financial information provider East Money Information's owner Qishi, Wanda announced…


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