China Regulator Questions Dalian Wanda on Unit’s HK IPO Plan
- CSRC seeks detail on Wanda Commercial’s debt payment abilities
- IPO application was refiled last year but no update since then
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China’s securities regulator is scrutinizing a unit of conglomerate Dalian Wanda Group Co. about $4.4 billion in payments it might have to make if a mainland mall business doesn’t go public in Hong Kong this year.
The China Securities Regulatory Commission sent a letter to Dalian Wanda Commercial Management Group Co. inquiring about the delayed initial public offering of Zhuhai Wanda Commercial Management Group Co. and how it might affect debt-repayment capabilities.