Wanda billionaire extends sell-off with London luxury project
Thu, Jan 18, 2018 - 5:50 AM
Pressure has mounted on Mr Wang to raise cash and cut debt after Fitch, Standard & Poor's and Moody's Investors Service cut the flagship property unit's credit rating to junk over the past few months.
REUTERS FILE PHOTO
CHINESE billionaire Wang Jianlin has agreed to sell one of the largest luxury residential projects under development in London as his Dalian Wanda Group continues to shed assets acquired in a spree that once made him the richest man in his country.