Cornerstone scores with Dalian Wanda block

Dalian Wanda IPO cornerstone investor kicks its holdings into touch with a $369.4 million placement.
Dalian Wanda Chairman Wang Jianlin (left, with FIFA President Sepp Blatter) hopes to win the World Cup for China
Dalian Wanda Chairman Wang Jianlin (left, with FIFA President Sepp Blatter) hopes to win the World Cup for China

One of the biggest cornerstone investors in Dalian Wanda Commercial Properties' initial public offering divested its entire stake after the market close on Tuesday netting HK$2.86 billion ($369 million).

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