Wanda Properties News Today

The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan (US$204 million and US$234 million).

Fitch Ratings downgraded Dalian Wanda Commercial Management Group to restricted default from C on completion of the distressed debt exchange, and simultaneously upgraded the firm to CC from RD to...

Changes in control of Zhuhai Wanda, the world’s largest mall operator, came after Wang Jianlin’s Zhuhai Wanda failed to list in Hong Kong by end-2023 as stipulated under a 2021 deal with outside investors.

Dalian Wanda, one of China’s biggest commercial landlords, easily sailed through its attempt to delay paying a US$600 million bond next year, as well as dilute some of the debt covenants.

Chinese real estate firm Wanda Properties International, a unit of conglomerate Dalian Wanda Group, on Tuesday said it was seeking to extend repayment on a dollar bond by nearly a year as it... -November 21, 2023 at 12:30 am EST - MarketScreener

China Real Estate: Hong Kongs Hang Seng Mainland Properties Index jumped 14%, while the CSI 300 Real Estate benchmark gained 8% with the latest rally putting the countrys real estate sector indexes on track for their first monthly gain after four months of hefty losses.

There was more bad news for Chinas real estate sector on Monday as reports of more financing troubles and a credit rating cut to the services arm of Chinas largest commercial property firm, Dalian...

Dalian Wanda Group, China's largest commercial property developer, has applied for a fourth time to list its management unit on the Hong Kong stock exchange. Zhuhai Wanda Commercial Management Group's latest application for an initial public offering (IPO) came on Wednesday night. Parent company Dalian Wanda owns 69.66 per cent of Zhuhai Wanda. The management unit's previous listing attempt - made in October 2022 - lapsed in April. Dalian Wanda, founded by Chinese tycoon Wang Jian...

Bonds issued earlier this year by Wanda Properties, which operates shopping malls across China, have lost around half their value.

HONG KONG (Reuters) - China's securities watchdog has asked property management firm Zhuhai Wanda Commercial Management Group for more details on its ...