Dalian Wanda Properties halts HK shares pending privatisation details

Trading in shares of Dalian Wanda Commercial Properties Co, China's largest commercial developer, was suspended in Hong Kong on Monday. Wanda Commercial Properties is due to announce details of a privatisation plan, according to a company official, who declined to be identified ahead of a statement. Dalian Wanda Group, controlled by China's richest man, is taking its Hong Kong-listed unit private 15 months after its stock market debut.