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China's Wanda may offload malls, hotels as share sale prospects dim

Real estate giant must boost liquidity due to doubts over Zhuhai Wanda float

Wanda Reign on the Bund is one of seven luxury hotel projects owned by DWCM, the property management subsidiary of the troubled real estate company.

Embattled Chinese real estate giant Dalian Wanda Group is considering offloading some shopping mall and hotel assets to increase liquidity amid fading prospects of a Hong Kong share sale by one of its units.

Dalian Wanda Commercial Management Group (DWCM), the property management subsidiary of the troubled property-to-entertainment conglomerate, is planning to sell several shopping malls and a hotel in Shanghai, Caixin learned from multiple sources.

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