# Zhejiang SASAC

Wanda Sheds Shanghai Mall to State-Linked Buyer as Large-Scale Asset Sales Continue

Wanda has sold its Shanghai Zhuanqiao Wanda Plaza for 2.048 billion yuan to a Suzhou-based company ultimately controlled by a Zhejiang trust with state links, part of an ongoing programme that has seen over 80 Wanda Plazas change hands since 2023. The disposals form one prong of Wanda’s effort to shore up liquidity amid large debt maturities, even as state-related and institutional buyers signal confidence in the earnings power of mature shopping centres.