Long time lurker, first time poster. I hope I did this right.
I know it is ZeroHedge, which a kind of a fringe site, but they are reporting that Wanda Group is liquidating assets to pay down debt.
They sold 76 hotels and a major chunk of 13 tourism projects for $9.3B and will use the proceeds to pay down debt. I wonder how this will affect the Vista Tower?
From the Article....
"The man who declared war on Disneyland just opened the world’s largest indoor ski resort. And now he’s being forced to sell it.
As the South China Morning Post reports, Wanda City, the $6 billion resort development built by China’s wealthiest tycoon Wang Jianlin, opened for business two weeks ago. The resort, which, at 1.6 square kilometres, is the world’s largest indoor ski park."
The article is titled, "China's Richest Man Forced To Sell World's Largest Indoor Ski Resort 2 Weeks After It Opened." It is from the Tyler's at ZeroHedge and was published 7.10.17.
http://www.zerohedge.com/news/2017-0...s-after-it-ope