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Wanda starts countdown to delisting


09-13-2016 16:42 BJT

Tuesday marks the last day of trading in Wanda shares, as the company will officially delist from the HK stock market in a week. Wanda traded lower at around 51 HK dollars per share, with tepid volume. China's largest commercial real estate group announced its delisting plan last month, and said it aims to be listed in the mainland's A share market.

Wanda plans to give its initial public offering application to the China Securities Regulatory Commission after it finishes its privatization on the HK market. It is expected that Wanda will complete its A share market IPO by the end of August 2018.

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