Wanda Boss Clarifies Debt Position as Sentiment Turns Against Deal Makers

Wang Jianlin, founder and chairman of China’s Dalian Wanda, Thursday moved to reassure financial markets about his company’s solvency. But there is a growing swell of discontent with financial excess. “Once the transaction with Sunac and R&F Properties is completed, Wanda Commercial will have nearly $29 billion (RMB200 billion) in loans plus bonds. We have... Read more » Patrick Frater