Wanda calls off £470m London land buy amid govt pressure
Move is the latest sign that the group is downsizing
Wed, Aug 23, 2017 - 5:50 AM
Wanda boss Wang Jianlin said the group will switch its investment focus to domestic markets.
BILLIONAIRE Wang Jianlin's Dalian Wanda Group Co scrapped plans to buy a land plot in London for £470 million (S$820 million) amid the Chinese government's intensifying scrutiny of overseas investments.
Wanda's International Real Estate Center is no longer in pursuit of...