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Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel

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). ....

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Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US$5.3 billion crunch

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. ....

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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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China's Wanda Sells $300 Million Stake in Cinema Chain

A unit of Dalian Wanda is selling a $300 million stake in China's leading cinema chain, as the country's box office recovers. ....

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