Dalian Wanda drops $606m London land deal as China toughens M&A rules

Dalian Wanda drops $606m London land deal as China toughens M&A rules

Flowers stand in bloom below blocks of flats that make up the Riverlight residential development in the Nine Elms area of London, U.K., on Monday, April 3, 2017. Photographer: Jason Alden/Bloomberg

Billionaire Wang Jianlin’s Dalian Wanda Group Co. scrapped plans to buy a land plot in London for 470 million pounds ($606 million) amid the Chinese government’s intensifying scrutiny of overseas investments.

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