Property News · November 29, 2017

China relaxes leash on Wanda, allowing its unit to issue offshore bond to raise capital


China’s government may be showing the first sign of relaxing its tight grip on fundraising by the Wanda Group, five months after putting billionaire Wang Jianlin and his sprawling conglomerate under the regulatory spotlight for its aggressive asset buying spree.
Dalian Wanda Commercial Properties, a Hong Kong-listed unit of Wang’s flagship Wanda Group, received a written approval on November 7 to issue an offshore bond by the National Development & Reform Commission (NDRC), the…

Source : South China Morning Post
Read more…China relaxes leash on Wanda, allowing its unit to issue offshore bond to raise capital