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August 10, 2017

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Wanda: no plans to sell assets

THE head of China’s Dalian Wanda operations in Australia confirmed yesterday there are no plans for any sale of their Australian assets despite reports to the contrary.

John Wei, managing director of Dalian Wanda's Australian arm Wanda One Sydney, said the reports that emerged from a story published by Australian media on Tuesday were categorically false.

“The report from the Australian Financial Review that says that Wanda is going to sell two projects — Gold Coast and Sydney projects — it is completely false,” Wei said.

“We cannot stop the people who want to spread these rumors, but when the truth comes out, the rumor disappears. The Wanda One Sydney projects are going very well, and everything is on time.”


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