Wanda is considering offering compensation to pre-IPO investors of Zhuhai Wanda Commercial Management Group Co. as an alternative to immediate repayment, the people said, potentially easing the risk of a liquidity crunch that spooked markets earlier this year. The Chinese conglomerate recently told investors that an IPO of the mall unit will likely take place next year, the people added.
The development comes as Zhuhai Wanda still hasn’t been able to complete a listing in Hong Kong since it first filed for an IPO in 2021. In June, the company lodged a preliminary prospectus for the fourth time. Zhuhai Wanda is required to repay the funds to the pre-IPO investors if the company fails to list by the end of 2023, according to a China Securities Regulatory Commission letter.
Source: News Formal (newsformal.com)
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