PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion

A group of investors led by private equity firm PAG on Saturday announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian Wanda’s mall unit. Dalian Wanda will retain 40% in Newland Commercial Management, the holding company of Zhuhai Wanda Commercial Management Group…#pag #dalian #wanda #zhuhai #citiccapital #ussanctions #newland #davidwong #countrygarden #hongkong (Source: Reuters: Health)