Wanda’s Mall Unit delays $3 billion Hong Kong IPO


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Wanda’s Mall Unit delays $3 billion Hong Kong IPO Markets By Sydney Barrett Last updated Mar 11, 2022 Share (Bloomberg) – Chinese conglomerate Dalian Wanda Group Co. has shelved a planned IPO in Hong Kong for its shopping mall unit, according to people familiar with the matter. Zhuhai Wanda Commercial Management Group Co. has postponed the listing due to recent market volatility, the people said, asking not to be identified as the information is private. Tough conditions in China’s real estate sector have also hurt prospects for the company’s IPO, one of the people said. Wanda had planned to list...