Wanda Says Film Affiliate Raised $2.4 Billion in Share Sale

Dalian Wanda Group Co.’s closely held film-making unit raised 15.88 billion yuan ($2.4 billion) in a recent sale of its shares, an executive said.

Wanda Pictures completed the share sale, which was oversubscribed, in one and a half months, Liu Zhaohui, vice president at the group, said at a briefing in Hong Kong on Thursday. He didn’t provide further details.