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Dalian Wanda Group is selling a 49% stake in its investment arm to local film and TV producer China Ruyi Holdings in an on-going effort to reduce debt.
Dalian Wanda Group is selling an 8.26% stake in its cinema unit to raise nearly RMB 2.2 billion ($307 million) as the conglomerate faces liquidity pressure, reports Caixin. Wanda Film Holding's controlling shareholder, Beijing Wanda Investment, is selling 180 million shares to Lu Lili, the wife of financial information provider East Money Information's owner Qishi, Wanda announced…
A unit of Dalian Wanda is selling a $300 million stake in China's leading cinema chain, as the country's box office recovers.
Wanda Investment, a subsidiary of the privately-owned Chinese property giant Dalian Wanda, has sold an 8.3% stake in Wanda Film Holding for RMB2.2 billion…