China's Wanda Reaches New Investment Deal to Avoid Over $4 B…

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BEIJING, December 13 (TMTPost)—China’s property giant Dalian Wanda Group Co.has narrowly averted an upcoming repayment of more than US$4 billion due to a delayed initial public offering (IPO) of its unit.Credit：Visual ChinaWanda has signed a new investment agreement, which allows PAG, a private asset manager, and other investors to re-invest their money at the repayment due date of an investment in 2021 a