Wanda Commercial Investors Said to Pass $4.4 Billion Buyout

  • Shareholders gathered on Monday to vote on buyout offer
  • Decision paves way for Hong Kong’s biggest privatization deal

Wang Jianlin.

Photographer: Justin Chin/Bloomberg

Billionaire Wang Jianlin won shareholders’ approval to buy out his property unit for HK$34.5 billion ($4.4 billion), according to people with knowledge of the matter, clearing the way for the biggest-ever privatization deal in Hong Kong.

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