Date
23 October 2017

Wanda eyes separate property, cinema listings, paper says

Dalian Wanda Group is pushing ahead with separate listings for its commercial property and cinema businesses this year, National Business Daily reported Wednesday, citing Wanda chairman Wang Jianlin. Dalian Wanda Commercial Properties Co. Ltd is under preliminary review for an initial public offering in Shanghai by the China Securities Regulatory Commission, while Wanda Cinema, which aims to list in Shenzhen, is waiting for feedback from regulators, it said. Wanda Commercial Properties booked a sales revenue of 145.6 billion yuan (US$23.9 billion) last year, growing 32 percent year on year, according to the report.

– Contact HKEJ at [email protected]

KZ/AC/SK

 

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