Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFR

[CityFarmer]

More companies will seek funding offshore via IPO, after the relaxing of rules in China...

Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFR

HONG KONG - Chinese real estate developer Dalian Wanda Commercial Properties, a unit of billionaire Wang Jianlin's Dalian Wanda Group, will seek approval from Hong Kong's bourse for an up to $6 billion initial public offering on Monday, IFR reported late on Wednesday citing sources familiar with the plans.

The deal is still expected to happen before the end of 2014, a separate source with direct knowledge of the plans said on Thursday.

"The plan to list this year has not changed," said the source, who declined to be identified because details of the IPO aren't yet public.
...
http://www.todayonline.com/business/dali...monday-ifr

[pianist]

tot this co is linked to bo xilai, still can list ah

[opmi]

tot this co is linked to bo xilai, still can list ah

Must have resolve that problem.


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[BlueKelah]

Wah so kanchiong for the BIG MONEY to keep the ball rolling. Only 1 month left and with little demand on HK side for China stocks, will they be able to IPO so fast?

Maybe they are getting "margin call" by the banks in China liao.

[weijian]

The CCP God Father rules in China. It remains to be seen on how major this impact is and what moves Mr Wang will take to placate the authorities. Closer to home, it seems like the last 6-12months of courtship between him and Najib is finished.

Wanda expresses interest to develop Bandar Msia project: http://www.straitstimes.com/asia/se-asia...ia-project

Wanda Deals in Jeopardy as China Scrutiny Mounts

China plans to cut off some funding for billionaire Wang Jianlin’s Dalian Wanda Group Co. after concluding the conglomerate breached restrictions for overseas investments, said people familiar with the decision.

The scrutiny could rein in Wang’s ambitious attempt to create a global entertainment empire, including Hollywood production companies and a giant cinema chain he’s built up through acquisitions from the U.S. to the U.K. Six investments, such as the purchases of Nordic Cinema Group Holding AB and Carmike Cinemas Inc., were found to have violations, said the people, who asked not to be identified discussing a private matter. The retaliatory measures will include banning banks from providing Wanda with financial support linked to these projects and barring the company from selling those assets to any local companies, the people said

https://www.bloomberg.com/news/articles/...s-j57r4vzy