DALIAN, China -- Dalian Wanda Group, China's largest mall operator, will sell its remaining shares in an investment arm to a domestic film production company, as the conglomerate scrambles to avoid a default amid a deepening real estate slump.
China debt crunch
China's Wanda to sell remaining stake in cinema investor
Debt-laden group sheds assets in latest sale to Tencent-backed film company
Wanda Film Holding operates China's biggest movie theater chain, Wanda Cinema. (Photo by Kohei Fujimura)
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