Investors Flee From Billionaire Wang's Wanda Shares, Bonds
- Theater operator unit sinks most in 17 months in Shenzhen
- Wanda says speculation about banks selling bonds is false
Wang Jianlin.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Billionaire Wang Jianlin’s Dalian Wanda Group Co. was in focus on Thursday as the shares and bonds of its units plunged.
Wanda Film Holding Co. tumbled as much as 10 percent in Shenzhen, its biggest loss since January 2016, before its shares were suspended from trading. Wanda Properties International Co.’s 2024 notes plunged as much as 10.7 cents on the dollar to 101 cents in morning trading in Hong Kong, the biggest drop on record, according to Bloomberg-compiled data.