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