From Investing.com: 2024-03-30 02:35:30

Private equity firm PAG and other investors made an $8.3 billion investment for 60% stake in Dalian Wanda’s mall unit. Dalian Wanda will retain 40% in Newland Commercial Management. Newland manages 496 shopping malls in China. The deal aims to generate stable cash flow. Previous investment framework signed is now implemented.



Read more at Investing.com: China developer Wanda sells 60% of mall unit in $8.3 billion deal By Reuters