Wanda is among conglomerates including Fosun International Ltd (復星國際), HNA Group Co (海航集團) and Anbang Insurance Group Co (安邦保險集團) whose loans are under government scrutiny after China's banking regulator asked some lenders to provide information on overseas loans to the companies, people familiar with the matter said last month.
Last year Disney opened a theme park in Shanghai, its fourth outside the United States after Paris, Tokyo and Hong Kong.
Wanda, a commercial property developer that has diversified into entertainment, theme parks, and sports - partly as a buffer against Chinese real-estate volatility - was at the forefront of the overseas push, spending billions on a range of USA entertainment properties and other investments.
Wanda is to use all proceeds from the deal to pay back loans, according to the report, which also cited an interview with Wang.
With the latest deal, Sun targeted assets from fellow billionaire Wang Jianlin (王健林), who was among the most acquisitive Chinese tycoons up till previous year.
Indeed, last December ratings agency Standard&Poor's downgraded the Wanda Commercial's bonds to just one notch above so-called "junk" status. Tourism and entertainment had appeared to be the main parts of a pivot to more consumer-focused businesses by Wanda in recent years, exemplified by the multi-bilion dollar acquisitions of Hollywood movie studio Legendary Entertainment and move-theater chain AMC Entertainment.
Still, selling away the bulk of his "Wanda City" projects - massive multi-billion-dollar complexes with theme parks and lodgings - for 29.6 billion yuan represents a departure from Wang's past predictions that he'll build a tourism empire bigger than that of Walt Disney Co.
In a brief joint statement, the two companies said Sunac would buy 76 hotels outright, without specifying which properties.
Shares in Wanda Hotel Development, the group's listed unit in Hong Kong, surged after the news and were trading 74 percent higher at HK$1.01 by early afternoon.
Wanda said Tianjin-based Sunac will be responsible for all the loans for the projects, but the brand name and design of the projects will remain unchanged, and they will still be operated and managed by Wanda.
China's Xi: No tolerance for subversion in Hong Kong They were demanding greater voting rights for Hong Kong , as well the immediate release of the Chinese dissident Liu Xiaobo . Pro-democracy Hong Kongers like Mr Ng would like the city's people to be able to nominate their own candidate.
The 29-year-old model said she was shocked when Kardashian , 30, posted nude photos of her on his Instagram account last week. She claimed she sent her ex a video of her in bed with another man as a way of getting Kardashian to leave her alone.
Disability rights groups have continued protesting the legislation, taking over several Republican senators' offices. Senate's health care bill on North Carolinians, there may be no better description of the resulting media coverage.
The 31-year-old point guard fell off a cliff this past postseason, but he remains an elite fantasy option when healthy. Ibaka is a single father and said his daughter's preference would have a lot to do with his decision.
Bradley is entering the final season of a four-year contract, so it's not clear if he can be a long-term solution for Detroit. The Celtics are weaker on the perimeter, though Marcus Smart can handle some of Bradley's defensive responsibilities.
Police have cordoned off the area, and are treating the crash as an accident caused by operator error, local media reported. The driver told authorities at the scene he accidentally hit the gas instead of the brake, according to both sources.
Trump said the United States and the world must "demonstrate that there are consequences for their very, very bad behavior ". Trump also touched on immigration during his speech, which has also been a flashpoint in Polish politics.
Sources said that the three persons including two women were killed as a result of Indian firing and shelling. In another incident, three soldiers were injured after the terrorists attacked an Army patrol in Bandipora.
Reacting on the double taxation by the state, Haasan said in a statement: "Filmmaking has been made hard deliberately". Tamil Nadu is the only state to have imposed an additional 30% entertainment tax over and above the GST for film trade.
But the sheer volume of opioids prescribed that year was still three times higher than in 1999, according to new government data. But CDC Acting Director Anne Schuchat said that only explains a small fraction of the variation the CDC found across counties.
Jordan and Israel are also part of the deal, the Associated Press reports , quoting an unnamed USA official. The countries previously said they would hold the next round of talks in Astana in the final week of August.
Further north, sub-$2 prices were rampant across metro regions including Tampa, Orlando, Melbourne and Vero Beach. The drop in prices came despite a 4 cents per gallon increase in Tennessee's state gas tax, effective Saturday.
German, US doctors visit ill Chinese Nobel victor
Chinese doctors said Friday that they have stopped using cancer-fighting drugs so as not to overwhelm his severely weakened liver. China's Foreign Ministry did not immediately respond to a request for comment on whether Mr Liu would be allowed to leave.
What to watch for in the June jobs report
In June, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $22.03. United States employment rose by more than expected last month, but wage growth remained subdued, latest figures show.
HTC 'Ocean Life' to offer Edge Sense at a mid-range price tag
The " Ocean Life " codename gives good indication that this is indeed what HTC has in mind since the U11 is codenamed "Ocean". Notably, the tipster has further revealed that just like the HTC U11, the Ocean Life will also have the Edge Sense technology.
Dawson in Lord's Test XI
His record is very strong. "I think it will be an exciting series to watch", he concluded. We are training this (Tuesday) afternoon and tomorrow and I am really confident.
Angela Merkel stands by claim that Europe can not rely on US
And Kevin Rudd said it appeared the United States was on brink of triggering a trade war with China over inaction on North Korea. Trump announced on Twitter that he would be talking on the phone with leaders from Germany, Italy and France on Monday.
Microsoft reorganizes sales efforts; layoffs loom
The post Microsoft's Shift to Cloud Services: "Good" for Company But "Bad" for Employees appeared first on Market Exclusive. The reports suggest that thousands of staff could be made redundant, with an official announcement coming later this week.