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Wanda Parks Takes On Disney In China and...

I had heard this may be more about the founder suddenly having problems with the Chinese government.
That's always a possibility in China.

But this is an absolute firesale. They're getting $4.6bn for 13 Wanda parks (4 completed others various stages) and another $4.6bn for 76 hotels.

The only reason they're selling at those values is that the parks and hotels are underperforming and heavily indebted.
 
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