Wanda Gets 60 Billion Chinese Yuan Strategic Investment

Wanda Gets 60 Billion Chinese Yuan Strategic Investment

HANGZHOU, CHINA - MARCH 31, 2024 - A Wanda Plaza store is seen in Hangzhou, Zhejiang province, China, March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, ABU Dhabi Investment Authority and Mubadala Investment Company. Under the agreement, the five institutions will jointly invest about Rmb60bn in Dalian Sundameng Commercial Management, taking a combined 60 per cent stake and Dalian Wanda Commercial Management 40 per cent.

  • Product Code
  • ILEA002511714
  • Registered date
  • 2024/3/31 00:00:00
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  • CFOTO / Kyodo News Images
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  • CFOTO
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    Wanda Gets 60 Billion Chinese Yuan Strategic Investment

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    HANGZHOU, CHINA - MARCH 31, 2024 - A Wanda Plaza is seen in Hangzhou, Zhejiang province, China, March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, ABU Dhabi Investment Authority and Mubadala Investment Company. Under the agreement, the five institutions will jointly invest about Rmb60bn in Dalian Sundameng Commercial Management, taking a combined 60 per cent stake and Dalian Wanda Commercial Management 40 per cent.
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      HANGZHOU, CHINA - MARCH 31, 2024 - A Wanda Plaza is seen in Hangzhou, Zhejiang province, China, March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, ABU Dhabi Investment Authority and Mubadala Investment Company. Under the agreement, the five institutions will jointly invest about Rmb60bn in Dalian Sundameng Commercial Management, taking a combined 60 per cent stake and Dalian Wanda Commercial Management 40 per cent.
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        A Wanda Plaza is being seen in Hangzhou, Zhejiang Province, China, on March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, Abu Dhabi Investment Authority, and Mubadala Investment Company. Under the agreement, the five institutions are jointly investing about RMB 60 billion in Dalian Sundameng Commercial Management, taking a combined 60 percent stake, with Dalian Wanda Commercial Management holding 40 percent. (Photo by Costfoto/NurPhoto)
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          A Wanda Plaza is being seen in Hangzhou, Zhejiang Province, China, on March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, Abu Dhabi Investment Authority, and Mubadala Investment Company. Under the agreement, the five institutions are jointly investing about RMB 60 billion in Dalian Sundameng Commercial Management, taking a combined 60 percent stake, with Dalian Wanda Commercial Management holding 40 percent. (Photo by Costfoto/NurPhoto)
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            HANGZHOU, CHINA - MARCH 31, 2024 - A Wanda Plaza is seen in Hangzhou, Zhejiang province, China, March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, ABU Dhabi Investment Authority and Mubadala Investment Company. Under the agreement, the five institutions will jointly invest about Rmb60bn in Dalian Sundameng Commercial Management, taking a combined 60 per cent stake and Dalian Wanda Commercial Management 40 per cent.
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              A Wanda Plaza is being seen in Hangzhou, Zhejiang Province, China, on March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, Abu Dhabi Investment Authority, and Mubadala Investment Company. Under the agreement, the five institutions are jointly investing about RMB 60 billion in Dalian Sundameng Commercial Management, taking a combined 60 percent stake, with Dalian Wanda Commercial Management holding 40 percent. (Photo by Costfoto/NurPhoto)
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                  A Wanda Plaza store is being seen in Hangzhou, Zhejiang Province, China, on March 31, 2024. On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with Pacific Alliance Investment Group, Citic Capital, Ares Management, Abu Dhabi Investment Authority, and Mubadala Investment Company. Under the agreement, the five institutions are jointly investing about RMB 60 billion in Dalian Sundameng Commercial Management, taking a combined 60 percent stake, with Dalian Wanda Commercial Management holding 40 percent. (Photo by Costfoto/NurPhoto)
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                      CITIC Securities

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