Top Dalian Wanda executive resigns
Hong Kong
THE chief architect behind Dalian Wanda Group's US$4.4 billion buyout to take its flagship Hong Kong-listed property arm private and relist it in China has resigned without seeing the plan through, according to an internal memo.
The resignation of Lu Xiaoma from the post of vice-president of Dalian Wanda Financial Group signals the difficulties the conglomerate, owned by China's richest man, Wang Jianlin, is having listing the property business in China, analysts said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months