Chinese real estate companies are on track to surpass more than $27.6 billion (188 billion yuan) to acquire competitors this year as the industry rapidly consolidates. On Monday, real estate titan Dalian Wanda Group, under the watchful eye of regulators, signaled its retreat, selling a portfolio of 76 hotels and 13 theme parks to Sunac China Holding for $9.3 billion on Monday. Wanda can start to pay down its considerable debt with the sale, the […]

Source: trdnews

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