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Country Garden sells stake in Dalian Wanda unit for US$428 million

HONG KONG: China's embattled Country Garden said it will sell a small stake in a Dalian Wanda unit back to the Dalian Wanda Group, with the proceeds of about US$428 million going to

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Country Garden Holdings: Country Garden sells stake in Dalian Wanda unit for $428 million, ET RealEstate

Country Garden Holdings: The sale of its 1.79% holding in shopping mall operator Zhuhai Wanda Commercial Management to Dalian Wanda Commercial Management Group helped shares in Country Garden climb 3% in Thursday trade.

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Wanda Inks Deal With Mall Unit's Backers to Avoid Repayment

Wanda Inks Deal With Mall Unit's Backers to Avoid Repayment
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Wanda reaches agreement with pre-IPO investors to stay put -statement

Chinese property giant
Dalian Wanda Group Co. has avoided an immediate repayment of
more than $4 billion to its investors after reaching an
agreement with them, according to a statement by the firm...
-December 12, 2023 at 01:26 am EST
- MarketScreener

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Billionaire Wang Cedes Control of Mall Unit to Appease Investors

(Bloomberg) -- Billionaire Wang Jianlin is giving up control of Dalian Wanda Group Co.’s mall operator to avoid repaying pre-IPO investors after the unit failed to list this year.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesRaimondo Vows ‘Strongest Possible’ Action on Huawei’s Chip BreakthroughHarvard’s Deepening Disunity Pits Alumni Against FacultyJack Ma’s Biggest E-Commerce Rival Is Coming

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Wang Jianlin Avoids $4 Billion Repayment Under New Agreement With Investors

Chinese billionaire Wang Jianlin has reached a new agreement with pre-IPO investors that allows it to stave off a $4.2 billion repayment, although the deal will see the tycoon giving up control of Wanda’s mall operator.

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Chinese property firm Wanda averts over $4b repayment to investors

Chinese property giant Dalian Wanda Group has avoided an immediate repayment of more than US$4 billion to its investors after reaching an agreement with them.

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