Wanda Cinema Line Co. Ltd., a movie theater company controlled by Chinese real estate mogul Wang Jianlin, has received approval for a share-offering in China in which it hopes to raise up to 2 billion yuan (US$325.6 million).
Tags: Dalian Wanda Group
Dalian Wanda Seals Its $1 Billion Deal To Buy Dick Clark Productions
For the consideration of $1 billion, the Dalian Wanda Group has finalized a deal for the purchase of Dick Clark Productions.
Richest man in Asia acquires World Triathlon Brand for $650M
Wang Jianlin, head of Dalian Wanda Group, agreed to buy the Ironman Triathlon races organizer in a deal amounting to $650 milion. The deal was announced Thursday in a move for Asia's richest man to diversify his sports fortfolio. The developer also mentioned the possibility of another sports related purchase before the year ends.
China's Dalian Wanda buys Australian cinema chain Hoyts
Wanda Cinema Line Corp (002739.SZ), a unit of China's leading property developer Dalian Wanda Group, said it would buy Australian cinema chain Hoyts Group, a purchase that underscores its parent's ambitions to become a global entertainment company.
Waldorf Astoria sale marks tip of Chinese money into U.S. hotels
The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels.
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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.
China's Dalian Wanda group and Tencent Holdings Ltd (0700.HK) said on Friday they would set up a 5 billion yuan ($814 million) e-commerce joint venture with Baidu Inc (BIDU.O), as the firms push into the high-growth e-commerce sector.
AMC Entertainment Holdings Inc is reportedly selling the shares it is offering in its initial public offering at a discount, which would value the cinema chain 7.2 times bigger than its estimated earnings before interest, taxes, depreciation and amortization or EBITDA in 2014.
US movie company AMC Entertainment Holdings Inc said it will seek to raise USD 368 million in its initial public offering. AMC is owned by the Dalian Wanda Group controlled led by Wang Jianlin, the richest man in China.
A Bloomberg report said China's richest man Wang Jianlin may be acquiring luxury brands such as the Four Seasons hotel chain in his quest to expand his company Dalian Wanda Group to the US.
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. had increased following the announced acquisition of hotel chains by Dalian Wanda Group's Wang Jianlin.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
AMC Entertainment Holdings announced to go public through an IPO as it aimed to raise USD400 million.
