China’s Wanda Group Sells Stake To Film & TV Producer Ruyi Holdings To Pay Down Debt

Dalian Wanda Group is selling a 49% stake in its investment arm to local film and TV producer China Ruyi Holdings in an on-going effort to reduce debt.  Wanda is selling the stake in Beijing Wanda Investment for $315M (RMB2.26BN) as part of fundraising efforts to repay debt of $400BN due this past weekend.  Wanda […]

from Deadline https://ift.tt/6aVomGt

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