Equity swap saves Wanda from ticking-time-bomb repayment to investors as it fails to meet listing deadline

The deal will provide the Chinese video streaming platform with funds to expand business operations, develop original content and bolster working capital

The fund, dubbed PAG Loan Fund V, received capital commitments from 20 institutional investors around the world

Capital raised blows past initial target of $1.5 billion on strong investor interest in technology-linked assets such as logistics and data centers

Inner Mongolia dairy giant would use the proceeds to expand the herd, facilities and pastureland in competition with Mengniu’s China Modern Dairy

New funding round could value Chinese dairy operation at $2 billion as PAG currently holds 41% and Inner Mongolia Yili Industrial 40%

Private equity firm PAG buys controlling interest in Shenzhen-based online dating service

Shareholders oust chairman of Yingde Gases, leaving two dissenting board members to create new management team