Jan 02, 2024 08:58 PM
BUSINESS
Wanda Offloads More Shopping Malls to Tackle Debt Woes
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A subsidiary of Dalian Wanda Group sold four of its flagship shopping malls last week as the conglomerate’s liquidity crisis deepens. Photo: VCG
The troubled property-to-entertainment conglomerate run by billionaire Wang Jianlin has offloaded more assets in an effort to raise money amid a mounting liquidity crisis.
Dalian Wanda Commercial Management Group Co. Ltd. (DWCM), a property management subsidiary of Dalian Wanda Group Co. Ltd., sold four more of its flagship Wanda Plaza commercial complexes in Suzhou, Huzhou, Shanghai and Guangzhou, according to business database Tianyancha.
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