Bloomberg

Wanda’s Mall Unit Boosts Pre-IPO Round to $6 Billion

(Bloomberg) — Asian private equity firm PAG is close to investing about $2.8 billion in a funding round for Dalian Wanda Group Co.’s commercial property management unit, nearly doubling the original fundraising target, people familiar with the matter said.PAG’s commitment brings the total size of the fundraising in the unit, known as Wanda Light Asset Commercial Management, to about $6 billion, the people said, asking not to be identified as the discussions are private. Property developer Count

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