Wanda boss Wang Jianlin has been selling properties in the UK, Australia and mainland China to help lessen his debt load, and now the owner of China’s biggest commercial developer is selling off nearly 14 percent of his flagship commercial… Read More>>
Wanda To Bail on $1.5B in Australia Projects Amid Global Retreat
Dalian Wanda Group is walking away from its flagship property projects in Australia, in a deal that could exceed $1.5 billion, as the Chinese mall builder downsizes its overseas portfolio.
In an announcement last night, the group’s Hong Kong-listed unit… Read More>>
Wanda Reports 11% Revenue Drop in 2017 as Wang Jianlin Scales Back His Empire
Dalian Wanda Group saw its revenue tumble by nearly 11 percent last year as the Chinese conglomerate retreated from its global investment and diversification drive to focus on its core property business.
The group’s operating revenues for 2017 dropped 10.8%… Read More>>
Wanda Hotel Unit Changes Hands for $470M Amid Restructuring Drive
Chinese billionaire Wang Jianlin is continuing to restructure his commercial property empire, by personally purchasing a controlling stake in Dalian Wanda Group’s Hong Kong-listed hotel unit for HK$3.67 billion ($470 million).
Through the proposed transaction, a vehicle wholly owned by… Read More>>
Wanda Slid Out of $3B Ski Resort Investment as Downhill Run Began
Dalian Wanda boss Wang Jianlin may no longer be China’s richest man, but he can still make a whole mountain disappear.
Wang’s Dalian Wanda Commercial Properties quietly sold off its equity in the $3 billion Changbaishan International Resort in northeastern… Read More>>
Wanda Said Selling $5B in US, UK and Aussie Projects After Credit Downgrade
Dalian Wanda Group, once one of China’s most aggressive cross-border investors, has now reportedly put up for sale more than $5 billion of its remaining property projects in the UK, US and Australia, after the Chinese government ordered a review… Read More>>
China’s Outbound Property Investment Drops 51% and More Asia Real Estate Headlines
At the top of today’s news, after government authorities hung a few developer skins on the wall the country’s clampdown on outbound real estate deals seems to have had an impact. Meanwhile Wang Jianlin has high hopes for the penthouse… Read More>>
Wanda Hits Twin US Setbacks as Culture Chief Quits, Beverly Hills Partner Exits
Dalian Wanda Group is facing a fresh set of overseas headaches, this time in Southern California, as its US partner bails on a $1.2 billion development project in Beverly Hills and the company’s top executive in Hollywood steps down.
Athens… Read More>>
Wanda’s Wang Still in the Weeds as Golf Courses Called Out of Bounds
Wang Jianlin’s Dalian Wanda Group continues to find itself deep in China’s regulatory rough this week as mainland authorities have shut down two of the company’s high-end golf courses amid an austerity drive.
The courses are part of Wanda’s Changbaishan… Read More>>
Country Garden’s Yang Huiyan Helps Boot Wang Jianlin From Top of China Rich List
Country Garden’s Yang Huiyan has vaulted onto the top 10 list of China’s richest individuals, while Wanda boss Wang Jianlin was dethroned by Evergrande’s Xu Jiayin for the number one spot, according to the latest annual ranking published by the… Read More>>
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