Exclusive: Wanda Commercial to re-list via Shanghai IPO or backdoor listing - chairman

August 23, 2016 7:56 AM EDT

Wang Jianlin, chairman of the Wanda Group, speaks during an interview in Beijing, China, August 23, 2016. REUTERS/Thomas Peter


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BEIJING (Reuters) - China's richest man, Wang Jianlin, said on Tuesday that Dalian Wanda Commercial Properties Co <3699.HK>, the real estate flagship of his Wanda empire, would re-list on the Shanghai Stock Exchange either through an initial public offering (IPO) or a backdoor listing.

Approval for an IPO could take two or three years, while a backdoor listing would require more than a year, Wang said in an exclusive interview with Reuters.

Shareholders of the Hong Kong-listed real estate firm last week approved a buy-out offer that would see the firm privatized. The company said earlier this month it planned to de-list from the Hong Kong stock exchange on Sept. 20.

(Reporting By Matthew Miller and Shu Zhang; Editing by Alex Richardson)



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