China's Wanda steps back from theme park, hotel drive with $9.3 bln Sunac deal | cnbc.com

Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions. ADVERTISING The sale — the second-biggest real estate deal ever in China according to Reuters data — is however expected to help Wanda cut its debt pile and strengthen its case for a listing on the mainland after it delisted from Hong Kong last year.