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China's Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
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China's Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
Nov 28, 2024 8:51 PM

(Reuters) - Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion - $12.44 billion) to pay taxes and debt, Bloomberg News reported on Friday, citing people familiar with the matter.

($1 = 7.2322 Chinese yuan renminbi)

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Abinaya Vijayaraghavan)

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