Dalian Wanda
Wanda faces US$700 million of bond deadlines as China woes flare
[BEIJING] China’s worsening property debt crisis is ratcheting up scrutiny of the country’s major real estate firms that have so far avoided default, as looming offshore bond maturities draw closer.
Wanda unit aiming to create fund of up to 90b yuan backed by malls: sources
It hopes to complete the fundraising by 2025
Wanda seeks to extend US$400 million bond amid liquidity strains
A UNIT of Dalian Wanda Commercial Management Group is proposing new terms for its US dollar bonds due 2025 to extend the maturity, reflecting the Chinese company’s liquidity challenges amid the countr...
Wanda to cede control of its mall unit in 60 billion yuan deal
DALIAN Wanda Group has agreed to cede control of its shopping mall unit in a deal worth 60 billion yuan (S$11.4 billion), implementing a December agreement to restructure Zhuhai Wanda.
China conglomerates speed up asset sales to beat credit squeeze
IT WAS not so long ago that Chinese companies – state-owned and private – had a reputation for snapping up all sorts of international assets, from airports to football clubs, as they rapidly expanded ...
Abu Dhabi wealth fund is said to weigh stake in Wanda mall unit
ABU Dhabi Investment Authority (Adia) is considering buying a minority stake in Dalian Wanda Group’s mall operator, sources familiar with the matter said, as the unit revamps its shareholding structur...
Wanda reaches agreement with pre-IPO investors to stay put
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, according to a statement by the firm on T...
Wanda’s billionaire founder sells film unit as debt pressure builds
DALIAN Wanda Group’s founder Wang Jianlin is planning to sell the rest of the firm’s film unit as the troubled Chinese conglomerate faces increasing debt repayment pressure.
Chinese conglomerate Wanda seeks US dollar bond extension as liquidity tightens
A KEY unit of Dalian Wanda Group is asking to extend the maturity date for a US$600 million bond as a liquidity crunch deepens for the troubled Chinese conglomerate.
Chinese conglomerate Wanda in talks with backers to avert 30 billion yuan IPO repayment
DALIAN Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan (S$5.6 billion) to investors in its shopping mall business if the un...
