Billionaire Wang wins investors' nod for record HK$34.5b buyout
Wed, Aug 17, 2016 - 5:50 AM
The victory is a relief for Mr Wang, who has recently been facing difficulties completing transactions.
BILLIONAIRE Wang Jianlin has won shareholders' approval to buy out his property unit for HK$34.5 billion (S$6 billion), clearing the way for the biggest-ever privatisation deal in Hong Kong. The unit's shares rose.
The HK$52.80-a-share bid for all of Dalian Wanda Commercial...