Wanda Group Expects to Pay $281 Million Note Due Saturday

Dalian Wanda Group Co.’s property management unit expects to scrape up enough cash to pay off a 2 billion yuan ($281 million) note due this Saturday, the company said.

But with 8.9 billion yuan of domestic notes and offshore bond due within two months, Dalian still needs to dump some of its shopping malls and hotels. The troubled property-to-entertainment conglomerate was reported to be considering such moves earlier this week.