China's Wanda raises nearly $6b for commercial property management unit -sources

China's Wanda raises nearly $6b for commercial property management unit -sources

Dalian Wanda Group's Wanda Plaza building is pictured in Beijing, China, May 17, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Chinese conglomerate Dalian Wanda Group has raised nearly $6 billion for its commercial property management business ahead of its Hong Kong IPO, in one of China’s biggest such fundraisings this year, four people with direct knowledge told Reuters.

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