Hints and tips:
...The Zhuhai Wanda stake is being sold to Dalian Wanda and related parties....
...Dalian Wanda did not immediately respond to a request for comment....
...The bonds were issued by Dalian Wanda Commercial Management, a subsidiary of the Dalian Wanda Group which is not a property developer but became internationally known for its purchases of property and businesses...
...Country Garden has come under pressure in stock markets in recent weeks amid concerns over a potential default from well-known property conglomerate Dalian Wanda, which last week averted default on a bond...
...The FT’s Thomas Hale and Cheng Leng set out the details....
...Developers have resumed issuing new high-yield bonds, with Dalian Wanda Commercial Management raising a $400mn bond at a coupon rate of 11 per cent in Hong Kong last week, the first deal of its kind since...
...“It is clear that Xi saw the political access that entrepreneurs had in previous years as a potential threat to the Communist party,” said Neil Thomas at Eurasia Group, a consultancy....
...A decade ago, Guo’s Fosun along with conglomerates HNA, Dalian Wanda, CEFC and Anbang drove an explosion in offshore Chinese investment but most were undone after President Xi Jinping called time on the...
...Earlier regulatory interventions by China humbled the international ambitions of companies such as HNA and Dalian Wanda....
...Reporting by Thomas Hale in Hong Kong, Sun Yu in Beijing and Wang Xueqiao in Shanghai...
...Although far less glitzy, Huarong’s overseas ambitions — and their unwinding — carries echoes of HNA, Anbang and Dalian Wanda, a trio of privately owned Chinese conglomerates that were given licence to hunt...
...He remembers Typhoon Wanda in 1962, which swept away the family’s bamboo greenhouse....
...It was one of several companies, including Anbang Insurance Group, Fosun International and Dalian Wanda Group, that became known for their overseas acquisitions....
...Over the past few years, it has come under pressure from Beijing as part of increased scrutiny of a group of expansionary conglomerates that also includes Anbang and Dalian Wanda.Chen Feng, current chairman...
...“At a time when it’s extremely clear that the roles women do are acutely undervalued, being paid less than men for the same work or work of equal value, adds insult to injury,” said Wanda Wyporska, executive...
...HNA and Wanda have scrambled to unload their earlier acquisitions, while Anbang was nationalised and its founder jailed. Fosun seems to have been the least scathed by the campaign....
...After the market crashed, Chinese investors entered, with giants such as Tencent, Alibaba and Dalian Wanda pouring in cash. But now Chinese money has dried up....
...That family unity was on display late last year at the memorial service of family matriarch Wanda Ferragamo, wife of Salvatore, who died aged 96....
...Thomas Chauvet of Citi said a cyclical recovery in the luxury goods sector, surplus free cash flow and strong balance sheets were set to drive more consolidation in the industry....
...His two siblings were later charged in a graft case; one, Thomas Kwok, was convicted. Still, Mr Bennedsen said brothers can be a powerful combination if they share values and trust each other....
...In Asia, regulatory scrutiny by Beijing of some of the country’s largest and most acquisitive groups — including real estate-focused companies such as Dalian Wanda — has failed to slow down market growth...
...Most notable was Wanda’s Wang Jianlin, who exited Atlético Madrid with a small profit....
...Wanda in particular has been fast to act to address its leverage problem....
...Wanda has temporarily installed one of its own executives, Jack Gao, as Legendary’s interim chief executive while it searches for a full-time replacement for Thomas Tull....
...The group also bought a range of global real estate investments, including the former headquarters of Italian bank UniCredit in Milan for €345m, London’s Thomas More Square development for £300m and the...
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