Wanda investors said to pass $4.4b buyout, in HK's biggest take-private deal

Wanda investors said to pass $4.4b buyout, in HK's biggest take-private deal

Dalian Wanda Group Co. Chairman Wang Jianlin. Photographer: Justin Chin/Bloomberg

Billionaire Wang Jianlin won shareholders’ approval to buy out his property unit for HK$34.5 billion ($4.4 billion), according to people with knowledge of the matter, clearing the way for the biggest-ever privatization deal in Hong Kong.

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