Billionaire Wang Wins Investors’ Nod for $4.4 Billion Buyout

Updated on
  • Wanda Commercial climbs to near HK$52.80-a-share offer price
  • Decision paves way for Hong Kong’s biggest privatization deal

Billionaire Wang Jianlin won shareholders’ approval to buy out his property unit for HK$34.5 billion ($4.4 billion), clearing the way for the biggest-ever privatization deal in Hong Kong. The shares rose.

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