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Indonesian Tycoon is Buying Shanghai's Iconic Wanda Reign on the Bund jakartaglobe.id - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jakartaglobe.id Daily Mail and Mail on Sunday newspapers.
Pacific Eagle Real Estate has bought a Shanghai luxury hotel from cash-strapped Chinese developer Dalian Wanda Group as the Singapore-based family office expands its property investments. ....
The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan (US$204 million and US$234 million). ....