Latest news and articles about asset-for-debt
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Wanda has continued to sell shopping centres in 2026, most recently a Shanghai plaza for about CNY 2.048 billion, while China State Construction’s engineering bureaus have increasingly taken ownership of former Wanda projects. These transactions often represent asset-for-debt swaps to settle unpaid construction bills and complicate Wanda’s planned shift to a light-asset, management-centric model. The pattern reveals both an urgent need to address large liabilities and a strategic risk: if Wanda cannot retain management roles on sold assets, its pathway to stable fee income and successful deleveraging is in doubt.
