Wanda Commercial says major shareholder China Life in favor of its delisting plan

Wanda Commercial says major shareholder China Life in favor of its delisting plan

The company logo of Dalian Wanda Commercial Properties Co Ltd is displayed at a news conference on the company's annual results in Hong Kong, China March 24, 2016. REUTERS/Bobby Yip/File Photo

China’s Dalian Wanda Commercial Properties Co Ltd said on Monday one of its largest shareholders intends to approve the developer’s Hong Kong delisting proposal, as it aims to dispel uncertainty over whether the proposal can gain sufficient votes.

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