Property News · November 21, 2016

Dalian Wanda’s backdoor listing deal with Beijing Soft Rock called off


Tycoon Wang Jianlin’s ambitions to relocate his real estate empire from Hong Kong to mainland China isn’t going as smooth as expected as a mainland-listed company on Monday announced the termination of a deal with his Dalian Wanda Group.
Beijing Soft Rock Investment Group said in a statement to the Shenzhen bourse that it had been in negotiations with Dalian Wanda Group to issue company shares in exchange for all the shares in Dalian Wanda Commercial Properties.
“After…

Source : South China Morning Post
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