China's 2 largest developers make move to re-list on mainland bourse

Hong Kong

TWO of China's largest developers took steps that moved them closer to potentially switching their stock market listings from Hong Kong to China, where their top executives have said they can get higher valuations.

On Monday, Dalian Wanda Commercial Properties Co, controlled by billionaire Wang Jianlin, requested a suspension of its shares pending an announcement pertaining to an exchange code on mergers and takeovers, as Mr Wang pursues a buyout plan that will help him re-list the shares on the mainland.