Aug 09, 2023 04:38 AM

FINANCE

Exclusive: Three Wanda Executives Under Police Investigation

By Niu Mujiangqu and Han Wei

00:00

00:00/00:00

Listen to this article 1x

Since April, Wanda has stepped up asset sales, offloading cinemas, malls and hotels, to ease liquidity crunches

Since April, Wanda has stepped up asset sales, offloading cinemas, malls and hotels, to ease liquidity crunches

Three senior executives of Dalian Wanda Group Co. Ltd. were placed under investigation by police, Caixin learned, sparking fresh concerns over the struggling developer.

Liu Haibo, a senior vice president of Wanda, was taken away by police Aug. 3, company sources familiar with the matter told Caixin. Zou Hairong, assistant to the president of Wanda, and Mou Xiangdong, Wanda’s Beijing and North Hebei business head, were also probed, a person close to the matter said.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Celebrates Golden Week

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio

00:00

00:00/00:00

MOST POPULAR

1: Caixin Explains: What China’s New Five-Year Plan Says About the Economy

2: In Depth: The Vast Funding Network Outside Vanke

3: Nexperia China Vows Stability as Dutch Freeze Sparks Global Supply Concerns

4: CX Daily: The Vast Funding Network Outside Vanke

5: Analysis: How Tech Self-Reliance Shapes China’s New Five-Year Plan

SPONSORED

OR