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Billionaire Wang wins investors' nod for record HK$34.5b buyout
Published Tue, Aug 16, 2016 · 09:50 PM
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Beijing
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 Properties' Hong Kong-listed shares was supported by more than 88 per cent of mino…
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