SUBSCRIBERS
Wanda shares tumble on rumours of chairman's detention
Published Mon, Aug 28, 2017 · 09:50 PM
Shanghai
SHARES in Chinese conglomerate Wanda's hotel chain plunged nearly 10 per cent in Hong Kong on Monday despite the firm dismissing as false reports that chairman Wang Jianlin had been barred from leaving the country and detained for hours.
Wanda and other Chinese conglomerates that made a succession of multi-billion-dollar overseas investments in recent years have been under official scrutiny for months as Beiji…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow