Property News · December 12, 2023

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.

Source : South China Morning Post
Read more…Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US.3 billion crunch