Category: Cinema

Wanda Boss Clarifies Debt Position as Criticism of Deal-Making Grows in China

Dalian Wanda chairman Wang Jianlin moved Thursday to reassure markets of his mammoth company’s solvency amid a growing wave of discontent in China with financial excess and heightened scrutiny of Wanda’s dealings. “Once the transaction with Sunac and R&F Properties is completed, Wanda Commercial will have nearly RMB 200 billion [$29 billion] in loans plus…