Partner Magellan Parcel acquires 90% stake as Chinese conglomerate unloads its last remaining foreign real estate asset in long-running cleanup after breakneck expansion

Builder finalizes deal to buy sister firm Wanda Hotel Management in broader drive to sell down real estate assets

Property developer blasts 'individuals with ulterior motives' for 'vicious,' 'baseless' rumors

Shares of Wanda Hotel Development Co. surge 20% after announcement of overhaul, including purchase of two sister firms for $1.05 billion