Wanda Hotel shares soar on acquisition deal
Chinese conglomerate Dalian announced plans to buy more controlled by group chairman Wang Jianlin.
The major restructuring plan - ment acquire Wanda Travel - - -
than 20 percent Thursday morning the restructuring announcement.
The moves are the latest in a by Chinese authorities.
- ings in 13 other tourism-related projects to developer Sunac China Bloomberg News said was China’s largest-ever property deal.
- ties plan to squeeze the conglom - tions on overseas investments.
The regulatory retaliation marks a was among the most aggressive play the world by Chinese companies.
- overseas property projects to Dalian Wanda Commercial.
and hotel operation and manage - ment.