{"id":118030,"date":"2020-07-30T15:02:35","date_gmt":"2020-07-30T08:02:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-wang-jianlins-wanda-group-sells-chicago-tower-as-it-continues-to-trim-multibillion-dollar-debt\/"},"modified":"2020-07-30T16:04:52","modified_gmt":"2020-07-30T09:04:52","slug":"billionaire-wang-jianlins-wanda-group-sells-chicago-tower-as-it-continues-to-trim-multibillion-dollar-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-wang-jianlins-wanda-group-sells-chicago-tower-as-it-continues-to-trim-multibillion-dollar-debt\/","title":{"rendered":"Billionaire Wang Jianlin\u2019s Wanda Group sells Chicago tower as it continues to trim multibillion-dollar debt"},"content":{"rendered":"


\nDalian Wanda Group, controlled by Chinese billionaire Wang Jianlin, is selling another overseas asset to pare its multibillion-dollar debtload.Its Hong Kong-listed unit Wanda Hotel Development has agreed to sell its 90 per cent stake in the 101-storey Vista Tower for US$270 million to Chicago-based real estate company Magellan Parcel, according to a stock exchange filing on Thursday.The sale will generate a net gain of HK$94 million (US$12.1 million), it added, and hand Magellan Parcel full\u2026
\n
\nSource : South China Morning Post
\nRead more…Billionaire Wang Jianlin\u2019s Wanda Group sells Chicago tower as it continues to trim multibillion-dollar debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dalian Wanda Group, controlled by Chinese billionaire Wang Jianlin, is selling another overseas asset to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118030","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uHI","jetpack-related-posts":[{"id":79880,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-billionaire-wang-jianlin-sells-atletico-madrid-stake-as-wanda-continues-to-trim-debt\/","url_meta":{"origin":118030,"position":0},"title":"Chinese billionaire Wang Jianlin sells Atletico Madrid stake as Wanda continues to trim debt","date":"February 14, 2018","format":false,"excerpt":"\r Dalian Wanda Group has agreed to sell a 17 per cent stake in Atletico de Madrid to Quantum Pacific Group controlled by Israeli billionaire Idan Ofer, the latest move by the Chinese conglomerate to cut its debt, the Spanish soccer club said on Wednesday. Quantum Pacific\u2019s stake in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shareholders-approve-plan-by-chinese-billionaire-wang-jianlin-to-delist-wanda-commercial-from-hong-kong\/","url_meta":{"origin":118030,"position":1},"title":"Shareholders approve plan by Chinese billionaire Wang Jianlin to delist Wanda Commercial from Hong Kong","date":"August 15, 2016","format":false,"excerpt":"\r Billionaire Wang Jianlin\u2019s HK$34 billion plan to buy back his Dalian Wanda Commercial Properties was approved by shareholders on Monday, a big step forward in the tycoon\u2019s plan to relist his Hong Kong listed property arm on the Chinese mainland.\r \r Source : South China Morning Post\r Read more...Shareholders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-billionaire-wang-jianlin-loses-control-of-hong-kong-ipo-candidate-in-deal-to-avert-us5-3-billion-crunch\/","url_meta":{"origin":118030,"position":2},"title":"Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US$5.3 billion crunch","date":"December 12, 2023","format":false,"excerpt":"\r Changes in control of Zhuhai Wanda, the world\u2019s largest mall operator, came after Wang Jianlin\u2019s Zhuhai Wanda failed to list in Hong Kong by end-2023 as stipulated under a 2021 deal with outside investors.\r \r Source : South China Morning Post\r Read more...Chinese billionaire Wang Jianlin loses control of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wang-jianlin-sells-most-of-wanda-hotel-and-tourism-portfolio-to-rival-magnate-for-us9-3-billion\/","url_meta":{"origin":118030,"position":3},"title":"Wang Jianlin sells most of Wanda hotel and tourism portfolio to rival magnate for US$9.3 billion","date":"July 10, 2017","format":false,"excerpt":"\r Wanda Group, one of China\u2019s most aggressive overseas asset buyers of recent years, has announced the disposal of the majority of magnate Wang Jianlin\u2019s hotel and tourism portfolio to a rival, in the country\u2019s biggest single property transaction, as it raises funds to repay loans. Wanda will sell 76\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-exits-spanish-market-with-e265m-sale-of-madrid-landmark\/","url_meta":{"origin":118030,"position":4},"title":"Wanda exits Spanish market with \u20ac265m sale of Madrid landmark","date":"July 21, 2016","format":false,"excerpt":"\r Billionaire Wang Jianlin\u2019s Dalian Wanda Group has agreed to sell the Edificio Espana building in Madrid to Spanish investment group Baraka, in a move that will see the Chinese company exit the Spanish real estate market after feuding with city authoriti\r \r Source : South China Morning Post\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-hotels-shares-soar-on-wang-jianlins-plan-to-turn-it-into-a-hotel-and-theme-park-manager\/","url_meta":{"origin":118030,"position":5},"title":"Wanda Hotel\u2019s shares soar on Wang Jianlin\u2019s plan to turn it into a hotel and theme park manager","date":"August 10, 2017","format":false,"excerpt":"\r Chinese magnate Wang Jianlin, fresh from an epic sale of 77 of his hotels and 13 theme parks to pursue what he calls an \u201casset light\u201d business model, has injected the management and operations of his erstwhile assets into one of his Hong Kong affiliates, as he rearranges his\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118030"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118030"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}