China Top Conglomerate Wanda Denied Rumours

Wanda Group issued a statement on its official website, denying the online rumours that "20 Wanda Plazas were sold for 16 billion yuan".

Earlier media reports said that Dalian Wanda Group is currently considering selling 20 of its commercial centres. These commercial centres are basically heavy assets, and the current valuation is between 700-800 million yuan each. Potential buyers currently in contact with are insurance companies and asset management institutions.

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