Wanda offers $4.4 billion to take property unit private

China's richest man, Wang Jianlin, attempts to take his trophy assets private in Hong Kong as he plots a Shanghai IPO that could fetch a far higher valuation.

Ray Chan

May 30, 2016

Dalian Wanda Group, controlled by China's richest man Wang Jianlin, is offering HK$34.5 billion ($4.4 billion) in cash to buy out its Hong Kong-traded commercial property unit, as it looks to take the business private less than two years after a $3.7 billion listing.

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