Dalian Wanda says report chairman prevented from leaving China "groundless"

This file photo taken on February 10, 2015 shows Wang Jianlin, chairman of Wanda Group, speaking at a ceremony in Beijing. China's richest man lost 3.6 billion USD in a single day after global stock markets tanked and Chinese markets erased all their gains for the year. Wang Jianlin, chairman and founder of property and entertainment company Dalian Wanda, lost more than 10 percent of his total wealth on August 24, 2015, according to the Bloomberg Billionaires Index, which tracks the world's richest people. AFP PHOTO

HONG KONG: Chinese conglomerate Dalian Wanda Group said in a statement to Reuters on Monday that a report claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was groundless and it planned to take legal action.

Taiwanese news site Bowen Press had reported on Sunday that Wang was stopped from leaving Tianjin airport on Friday with his family and had been detained for a few hours.

Shares of Wang's Wanda Hotel Development were down more than 6 percent on Monday. Dalian Wanda's bonds were down by as much as 2 points but bounced back. - Reuters