China’s Dalian Wanda in talks to avert $4 billion IPO repayment -Bloomberg News By Reuters

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<p>(Reuters) – China’s Dalian Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4.11 billion) to investors in its shopping mall business if the unit fails to complete its initial public offering this year, Bloomberg News reported on Thursday.</p>
<p>The Chinese conglomerate recently told investors that an IPO of the mall unit will likely take place next year, Bloomberg reported, people familiar with the matter. ($1 = 7.3067 yuan) </p>
<p>(This story has been refiled to fix a typo in the headline) </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/chinas-dalian-wanda-in-talks-to-avert-4-billion-ipo-repayment-bloomberg-news-3184879">Source link </a></p><p>The post <a href="https://forextraderhub.com/chinas-dalian-wanda-in-talks-to-avert-4-billion-ipo-repayment-bloomberg-news-by-reuters.html">China’s Dalian Wanda in talks to avert $4 billion IPO repayment -Bloomberg News By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>