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Wanda Sells Mall in Xuzhou but Denies Financial Difficulties against all Evidence

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In its latest downsizing, Wanda has withdrawn its ownership of the Mall and replaced its principal shareholder and legal representative. Meanwhile on 20 March, all ¥8 billion in equity of Beijing Wanda Cultural Industry Group held by Wanda was frozen. Full story (in Chinese) via this link; read lots more of the latest news from Xuzhou via this link.

Visiting Nanjing