China’s Dalian Wanda appeals court decision to freeze shares

BEIJING/HONG KONG, June 8 (Reuters) – China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it “is confident it will defend its legitimate rights”. Two Shanghai court notices dated Monday showed the group cannot trade or otherwise use its shares in property manager Dalian Wanda Commercial Management Group until June 4, 2026. The notices did not detail reasons. The group on Thursday said it had a dispute involving about 1 billion…