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pre-ipo

Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US$5.3 billion crunch

by Anas Siddiqui
Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US.3 billion crunch

Chinese billionaire Wang Jianlin will relinquish control of his key shopping-mall management unit under a deal with investors just in time to avoid a 38 billion yuan (US$5.3 billion) redemption …

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