Economic news

China’s Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports

2024.11.28 23:32

© Reuters. People walk on an overpass past the headquarters of Dalian Wanda Group, in Beijing's Central Business District (CBD), China August 8, 2023. REUTERS/Tingshu Wang/File Photo

(Reuters) – Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44 billion) to pay taxes and debt, Bloomberg News reported on Friday, citing people familiar with the matter.

($1 = 7.2322 renminbi)



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