Chinese billionaire Wang Jianlin has reached a new agreement with pre-IPO investors that allows it to stave off a $4.2 billion repayment, although the deal will see the tycoon giving up control of Wanda’s mall operator.
The changes followed an agreement to unravel an investment plan in August 2021, when outside investors injected fresh capital in Zhuhai Wanda, hoping to…
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.
Wanda Inks Deal With Mall Unit s Backers to Avoid Repayment bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Wanda Sweetens Offer to Mall Unit s Backers to Delay Repayment bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.