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China's Dalian Wanda plans IPO for combined Legendary, Wanda movie production unit

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Published Tue, Jan 12, 2016 · 03:31 AM

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    [BEIJING] China's property-to-entertainment conglomerate Dalian Wanda Group plans to pair newly acquired Hollywood movie studio Legendary Entertainment with its in-house film production unit and seek a stock market listing for the packaged operations, Wanda's chairman said at a press conference on Tuesday.

    Wang Jianlin did not specify a timetable for an initial public offering listing, nor say where it would occur.

    Wanda said earlier on Tuesday that it has agreed to buy a controlling stake in Hollywood movie studio Legendary Entertainment for about US$3.5 billion.

    REUTERS

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