Wanda Unit Files Fourth Hong Kong IPO Application

What’s new: Dalian Wanda Group Co.’s light-asset unit filed for an initial public offering on the Hong Kong Stock Exchange Wednesday for the fourth time after three failed attempts in less than two years.

The repeated delay of Zhuhai Wanda Commercial Management Group Co.’s Hong Kong IPO has put its parent company, Dalian Wanda Commercial Management Group Co., in a hot spot as it may have to repay investors $6 billion if the share sale doesn’t go through this year.