Wanda sells assets in Australia

Updated 2017-11-20 09:32:21 Global Times

Chinese conglomerate Dalian Wanda Group is reportedly selling some of its oversea assets, including some properties in Australia, media reported.

The company is offering some hotel and tourism portfolio to a rival company for .3 billion, the South China Morning Post said. Within that, the billion One Circular Quay in Sydney and the 0 million Jewel Resort in Gold Coast have been listed for sale, the media report said.

Chinese companies bought 38 percent of all residential property development sites sold in Australia last year, spending .4 billion, the Sydney Morning Herald reported on Sunday.

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