Wanda Hotel shares set to open up 21 pct on asset restructuring
10/08/2017 02:20
HONG KONG, Aug 10 (Reuters) - Shares of Wanda Hotel Group
0169.HK , a unit of Chinese conglomerate Dalian Wanda Group led
by Wang Jianlin, were set to surge nearly 21 percent after it
said it would buy assets worth about $1.05 billion from
Wang-controlled companies. urn:newsml:reuters.com:*:nL4N1KW09U
The stock, which resumed trade on Thursday after being
suspended for a day pending the announcement, was set to open at
HK$1.40.
(Reporting By Donny Kwok and Anne Marie Roantree; Editing by
Himani Sarkar)
((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net))
Keywords: WANDA HOTEL STOCKS/
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