Wanda Commercial investors give backing to $4.4b buyout

Privatization a victory for Wang Jianlin after recent tough months Billionaire Wang Jianlin won shareholders’ approval to buy out his property unit for HK$34.5 billion ($4.4 billion), according to people with knowledge of the matter, clearing the way for the biggest-ever privatization deal in Hong Kong. The HK$52.80-a-share bid for all of Dalian Wanda Commercial Properties…

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