Chinese billionaire Wang Jianlin’s attempt to take Dalian Wanda Commercial Properties private will largely depend on whether APG Asset Management and BlackRock vote in favour of the plan.
Market participants are keen to know how the asset managers will vote just one week from the decisive H-share class meeting scheduled for August 15. APG AM and BlackRock could make or break the deal because they hold enough shareholder votes to block the transaction if both vote the same way.
According to Hong Kong listing regulations, Dalian Wanda’s delisting proposal will require votes in favour from the holders of 75% of independent H-shares, with...
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