Dalian Wanda Group sells $8.3B stake in shopping mall unit Newland Commercial to PAG-led investors.

Dalian Wanda Group Co. has reached a deal worth $8.3 billion with investors led by PAG to cede control of its shopping mall unit, Newland Commercial Management. Investors will hold a combined 60% stake in the new holding company, with Dalian Wanda Commercial Management Group retaining 40%. This deal, the largest single investment in the Chinese private equity market in five years, is a restructuring of Zhuhai Wanda and demonstrates international institutional investors' recognition of Newland's long-term growth potential.

March 30, 2024
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