May 31, 2023 05:45 AM

BUSINESS

Wanda May Offload Malls and Hotels Amid Fading HK Share Sale Prospects

By Niu Mujiangqu and Han Wei

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Wanda Reign on the Bund is one of seven luxury hotel projects owned by DWCM

Wanda Reign on the Bund is one of seven luxury hotel projects owned by DWCM

Embattled Chinese real estate giant Dalian Wanda Group Co. is considering offloading some shopping mall and hotel assets to increase liquidity amid fading prospects of a Hong Kong share sale by one of its units.

Dalian Wanda Commercial Management Group Co. Ltd. (DWCM), the property management subsidiary of the troubled property-to-entertainment conglomerate, is planning to sell a hotel in Shanghai and several shopping malls, Caixin learned from multiple sources.

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