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Wanda Hotel completes Wanda Hotel Management (Hong Kong) buy

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Wanda Hotel completes Wanda Hotel Management (Hong Kong) buy

Wanda Hotel Development Co. Ltd. completed its purchase of Dalian Wanda Commercial Properties Co. Ltd.'s entire shareholding in Wanda Hotel Management (Hong Kong) Co. Ltd.

Wanda Hotel Development shareholders approved the proposed HK$878.0 million acquisition in December 2017.

The deal was part of Dalian Wanda Group Co. Ltd.'s reorganization of its hospitality business.