China's Wanda sells 60% of its shopping center unit to investors, including Arabs. Deal valued at approximately 60 billion yuan ($8.3 billion) Wanda's journey - once lauded as a beacon of excellence in China's junk bond market - has faced headwinds amid rising borrowing costs and intense regulatory scrutiny of the real estate sector by Beijing.
However, this historic deal signals a strategic pivot, potentially leading the group towards a new era of stability and growth. No specific listing date for the shopping center operating business has been set by investors.