HONG KONG: Chinese conglomerate Dalian Wanda Group plans an initial public offering (IPO) for its Internet finance business, betting on booming growth as it leverages the millions of customers packing its shopping malls, Chairman Wang Jianlin said on Jan 18.
The plan is part of a broader goal to capitalise other units including its film, tourism and sports businesses via stock listings, Wang, China's richest man, said at the Asia Financial Forum. He gave no timeline for any IPOs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!