Dalian Wanda shareholders approve take-private

Victory for Chinese tycoon Wang Jianlin as shareholders give him green light to take commercial property unit off Hong Kong bourse before relisting on the mainland.

Dalian Wanda shareholders approve take-private

Chinese billionaire Wang Jianlin's plan to relist his property empire on the mainland has cleared its biggest hurdle, with shareholders in Hong Kong-listedĀ Dalian Wanda Commercial Properties approving Wang's application to delist.

Wang believes he can secureĀ a higher valuation for the shopping mall developer in the domestic market, after disappointing trading and mediocre share performance since the December 2014 Hong Kong IPO. The delisting will be a blow to...

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