Shanghai court freezes $278 million worth of shares in Wanda Commercial

HONG KONG : A Shanghai court has ordered the freezing of 1.98 billion yuan worth of shares in a unit of Dalian Wanda Group, China's largest commercial property developer.

According to two court notices dated Monday, the shares worth a total of 1.98 billion yuan were ordered frozen until June 4, 2026, company information system TianYanCha showed. S&P Global downgraded Dalian Wanda Commercial Management Group on Monday to 'BB' from 'BB+', citing weakening liquidity of its parent.

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