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Tuesday, January 30, 2018
Wanda sells RMB 34 bn stake in property unit to Tencent-led consortium
ANBOUND

Wanda Group announced on the 29th that a strategic investment agreement was signed in Beijing, led by Tencent, and joined by Suning, JD, Sunac and Wanda, with investment of about RMB 34 billion for the acquisition of roughly 14% shares as held by the investors introduced when H shares of Wanda Commercial had been delisted in Hong Kong. It is noteworthy that Wanda Commercial Real Estate signed an agreement on the gambling when it delisted from the Hong Kong market on September 20th.

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