Dalian Wanda makes $4.4 billion offer to take Hong Kong-listed property arm private

Dalian Wanda Group’s Wanda Plaza is seen in Beijing, China, in this March 23, 2016 file picture. REUTERS/Kim Kyung-Hoon/Files
MoreHONG KONG (Reuters) – China’s Dalian Wanda Group, owned by tycoon Wang Jianlin, is offering HK$34.45 billion (3 billion pounds) in cash to buy out Hong Kong-listed unit Dalian Wanda Commercial Properties, taking it private before it relists in Shanghai.
The company is planning to delist just 15 months after its stock market debut, unhappy with its s