Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
Zhuhai Wanda Commercial Management Group, a division of Chinese conglomerate Dalian Wanda Group, which specializes in commercial property management, has applied for listing on the Hong Kong Stock Exchange.
According to Chinese news agencies, Zhuhai Wanda expects to attract $3 to $4 billion worth of investments during the IPO.
In the documents sent to the stock exchange on the application for placement, it is noted that the company manages 380 shopping centers with a total area of more than 54 million square meters. The average occupancy rate for the past two years is at 98.8 percent.
Zhuhai Wanda’s business, according to unofficial sources, could be worth as much as $28 billion today. In 2020, the company’s profits fell 8.8% to $172 million amid the crisis. About 70% of Zhuhai Wanda’s business is controlled by the Dalian Wanda Commercial Management Group conglomerate of billionaire Wang Jianlin, one of the wealthiest businessmen in China.
Want to share your company’s latest updates, store openings, or partnerships?
Sephora is now trimming its staff by less than 3%, or under 120 jobs.
Sephora is now trimming its staff by less than 3%, or under 120 jobs.
MixC Shenzhen Bay opens in Shenzhen’s Nanshan district, blending luxury retail, art, and lifestyle into one destination, redefining the Asian…
From Nike’s storytelling to IKEA’s precision and Glossier’s human tone—the best retail press releases don’t just announce, they connect.
From Gucci Garden to Amazon’s Just Walk Out, leading retailers turn stores into stages. Here’s why experience is now the…
If you’ve been inside a shopping mall recently, you’ve probably noticed QR codes popping up everywhere on posters, food court…
