finance

China's Wanda Group says stake sales report 'inconsistent with the facts'


BEIJING (Reuters) – China’s Dalian Wanda Group said on Friday news it was considering the sale of a stake in Legendary Entertainment and divesting from its sports assets was “seriously inconsistent with the facts.”

Reuters reported earlier on Friday the conglomerate was exploring the sale of part of its Hollywood film studio and the full sale of its sports assets to reduce its offshore holdings under pressure from Beijing.

Reporting by Beijing Monitoring Desk; Editing by Neil Fullick



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