Chinese property firm Wanda averts over $4b repayment to investors

Chinese property firm Wanda averts over $4b repayment to investors

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

Chinese property giant Dalian Wanda Group has avoided an immediate repayment of more than $4 billion to its investors after reaching an agreement with them, according to a statement by the firm on Tuesday (Dec 12).

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