Pursuits
Dalian Wanda Said to Win Approval for $4 Billion Hong Kong IPO
This article is for subscribers only.
Dalian Wanda Commercial Properties Co., the Chinese developer controlled by billionaire Wang Jianlin, won Hong Kong stock exchange approval for its initial public offering, people with knowledge of the matter said.
The Beijing-based company plans to seek about $4 billion from the sale of a 15 percent stake, the people said yesterday, asking not to be identified because the information is private. It aims to start trading by the end of December, they said.