Wanda Group Raises Funds From Beijing Investment Stake Sale as US$400 Million Bond Matures


Dalian Wanda Group, China’s largest commercial property developer, will sell a 49% stake in Beijing Wanda Investment to China Ruyi Holdings for $314.4m in its third stake sale this month amid liquidity stress.

The proceeds will be used to service a $400m bond of affiliate Wanda Commercial Management Group, due on 31 July.

Read More: https://www.scmp.com/business/china-business/article/3228680/wanda-group-sells-us314-million-stake-beijing-investment-china-ruyi-debt-repayment-pressure-builds

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