Executive Heading Wanda Property Relisting Departs

(Beijing) — The man hired to privatize Dalian Wanda Group's real estate unit from Hong Kong and relist it on the Chinese mainland has left the company — a setback to the plan that company founder Wang Jianlin guaranteed would be completed by September 2018.

Lu Xiaoma's departure comes three months after Dalian Wanda Commercial Properties Co. Ltd. completed its HK$34.5 billion ($4.45 billion) share buyback, paving the way to relocate the company's listing from Hong Kong to the mainland.