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24

Wanda Commercial Halted as Billionaire Owner Wang Pursues Buyout

By Tony Seruga

Dalian Wanda Commercial asked for halt pending announcement
Suspension related to takeovers and mergers code of exchange

Dalian Wanda Commercial Properties Co.’s shares were suspended on Monday following a request by the company to the Hong Kong stock exchange, as billionaire Wang Jianlin pursues a plan to take the developer private.

The company requested the suspension “pending the publication of an announcement pursuant to the Hong Kong Code on Takeovers and Mergers,” according to a statement to the exchange on Monday…

Wanda Commercial Halted as Billionaire Owner Wang Pursues Buyout

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