China’s Dalian Wanda group is offering HK$34.5bn to take its Hong Kong-listed Dalian Wanda Commercial Properties unit private, in what would be the biggest deal of this type for the stock exchange.
The per-share price of HK$52.80 is 10% above an earlier offer and 3% above the unit’s last traded price before the shares were suspended on 22 April.
The company is looking to relist the unit on the mainland where its valuation will likely be higher.
