China's Dalian Wanda plans 15b yuan local bond sale

Thu, Aug 20, 2015 - 5:50 AM

China's largest commercial developer is controlled by the country's richest man, Mr Wang.

PHOTO: BLOOMBERG

Shanghai

DALIAN Wanda Commercial Properties Co, controlled by China's richest man Wang Jianlin, is seeking to sell as much as 15 billion yuan (S$3.29 billion) of local bonds as the weakening currency boosts borrowing costs overseas. The nation's biggest commercial developer is applying to...