Property News · August 10, 2017

Wanda Hotel’s shares soar on Wang Jianlin’s plan to turn it into a hotel and theme park manager


Chinese magnate Wang Jianlin, fresh from an epic sale of 77 of his hotels and 13 theme parks to pursue what he calls an “asset light” business model, has injected the management and operations of his erstwhile assets into one of his Hong Kong affiliates, as he rearranges his corporate portfolio after closing China’s largest real estate disposal.
In an overnight announcement, Wang announced the sale of Wanda Culture Travel innovation Group and Wanda Hotel Management Co. for a…

Source : South China Morning Post
Read more…Wanda Hotel’s shares soar on Wang Jianlin’s plan to turn it into a hotel and theme park manager

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