Wanda Group Offers Record Price to Privatize Property UnitBloomberg News
HK$52.8 price compares with earlier offer of at least HK$48
Company plans mainland relisting for higher valuation
Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. is offering HK$34.5 billion ($4.4 billion) to buy out its Hong Kong-listed property unit in the biggest take-private deal on the exchange ever, as it seeks a higher valuation for the business on mainland stock exchanges.
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