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Wanda unit seeks listing on Hong Kong stock exchange

Dalian Wanda Commercial Properties, one of China’s largest property companies, has filed to list on the Hong Kong stock exchange in what could be one of the city’s largest deals in recent years.

Wanda Commercial, a subsidiary of the Wanda Group controlled by billionaire Wang Jianlin, did not give any details on the size of its proposed float in its prospectus, filed late yesterday, but those familiar with the plans have suggested a rough figure of $2bn-$3bn.

The largest initial public offering in the city so far this year was the $3.1bn spinout of Hong Kong Electric by Li Ka-shing’s Cheung Kong Group in January.

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