Wanda said to be in talks with firms for backdoor listing

Hongkong

BILLIONAIRE Wang Jianlin's Dalian Wanda Group Co is in takeover talks with several candidates to be the conglomerate's vehicle to list its property unit in mainland China, according to people familiar with the matter.

Wanda is still holding talks with other potential targets for a backdoor listing of Dalian Wanda Commercial Properties Co after Shenzhen-listed Beijing Soft Rock Investment Group Corp dropped out, said these people, who asked not to be identified because the information is private.