(MENAFN) Dalian Wanda Group, the Chinese property giant, stated that it aims to sell tourism projects as well as several hotels in the country to Sunac China through an agreement worth USD9.3bn.
Moreover, the firm added the deal is estimated to boost Wanda"s case for a mainland listing after its property part removed from Hong Kong in 2016.
On the other hand, the contract may mean ownership of a huge portfolio of tourism developments during the same time that Sunac is investing a lot of money on property and technology assets.
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