Dalian Wanda Commercial Properties Co., Ltd. signed a framework agreement to acquire 51% stake in Wanda Properties Investment Limited, 60% stake in Wanda International Real Estate Investment Co. Limited, 60% stake in Wanda Americas Real Estate Investment Co., Limited and 60% stake in Wanda Australia Real Estate Co., Limited from Wanda Hotel Development Company Limited (SEHK:169) on August 9, 2017. The consideration will be based on their net asset value and will be settled in cash. As on January 16, 2018, Dalian Wanda Commercial Properties Co., Ltd. entered into sale and purchase agreement to acquire 60% stake in Wanda International Real Estate Investment Co. Limited for HKD 2.04 billion. Under the terms of the transaction, sale shares will be acquired for HKD 374 million and will repay debt of HKD 1.7 billion. In a related transaction, Wanda Hotel Development Company Limited agreed to acquire Wanda Hotel Management (Hong Kong) Co. Limited and Wanda Culture Travel Innovation Group Co., Limited. The deal is subject to approval Board of Directors and shareholders of companies involved and compliance with the applicable requirements of The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission of Hong Kong. Dalian Wanda Commercial Properties Co., Ltd. completed the acquisition of 51% stake in Wanda Properties Investment Limited, 60% stake in Wanda International Real Estate Investment Co. Limited, 60% stake in Wanda Americas Real Estate Investment Co., Limited and 60% stake in Wanda Australia Real Estate Co., Limited from Wanda Hotel Development Company Limited (SEHK:169) on July 6, 2018.