HONG KONG: A Shanghai court has ordered the freezing of 1.98 billion yuan (US$278.18 million) worth of shares in a unit of Dalian Wanda Group, China's largest commercial property developer. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wand
HONG KONG: A Shanghai court has ordered the freezing of 1.98 billion yuan worth of shares in a unit of Dalian Wanda Group, China's largest commercial property developer.
According to two court notices dated Monday , the shares worth a total of 1.98 billion yuan were ordered frozen until Jun 4, 2026, company information system TianYanCha showed. S&P Global downgraded Dalian Wanda Commercial Management Group on Monday to 'BB' from 'BB+', citing weakening liquidity of its parent.
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Shanghai court freezes $278 million worth of shares in Wanda CommercialHONG KONG : A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China's largest commercial property developer.The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wand
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