Property News · November 17, 2017

Wanda wants US$5b from single buyer for five offshore assets as China reins in investments abroad


Chinese conglomerate Dalian Wanda Group, once a serial acquirer of overseas assets, is offering to sell all five of its large-scale projects in Britain, the US and Australia to a single buyer for an estimated US$5 billion, as Beijing tightens control over companies’ offshore investments.
It is the latest move by Wanda, owned by billionaire Wang Jianlin, to offload assets as the central government ramps up pressure on the company to curb offshore expansion and reduce its debt levels.
China…

Source : South China Morning Post
Read more…Wanda wants USb from single buyer for five offshore assets as China reins in investments abroad