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Wanda calls off £470m London land buy amid govt pressure

Move is the latest sign that the group is downsizing

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...

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