Property News · August 8, 2017

Wanda denies US$1.5 billion Australia projects are for sale


Dalian Wanda Group said on Tuesday it has no intention of selling two of its Australian development projects.
The Chinese conglomerate denied reports that it is in discussions with a Hong Kong buyer to sell its A$1 billion (US$792 million) Circular Quay apartment and hotel tower in Sydney, as well as its A$900 million Jewel resort on the Gold Coast.
Wanda Hotel Development Company, a subsidiary, issued an announcement on the Hong Kong Stock Exchange at around noon on Tuesday, saying it…

Source : South China Morning Post
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