China's Wanda raises nearly $6bln for commercial property management unit - sources zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Wanda Light Asset's $3 Billion Pre-IPO Round Draws PAG, Xinchen 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 Light Asset Gears Up for $3 Billion Hong Kong IPO 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.
(Bloomberg) More than 20 investors have expressed interest in a funding round for Dalian Wanda Group Co.’s commercial property management unit, which could raise about 20 billion yuan ($3.1 billion), according to people familiar with the matter.
April 21, 20214:28 AM UTC
ChinaChina s Wanda raising $3 bln ahead of HK IPO for property management unit -sources
Kane WuJulie Zhu
3 minutes read
Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan ($3.08 billion) for its commercial property management business, before listing the unit in Hong Kong by year-end, two people with direct knowledge of the matter told Reuters.
Wanda is targeting primarily private equity investors for Wanda Light Asset Commercial Management Co, aiming for a valuation of 200 billion yuan, said the people.
Several prospective investors tapped by Wanda and its financial advisors, however, have found that valuation too high , one of the people said.