Wanda Hotel Development Company Limited (SEHK:169) signed a non-binding framework agreement to acquire Wanda Culture Travel Innovation Group Co., Limited from Beijing Wanda Culture Industry Group Co. Ltd for CNY 6.3 billion on August 9, 2017. The deal value is provisionally set at CNY 6.3 billion which will be settled by Wanda Hotel Development Company either in cash, the issue of shares and/or convertible bonds. In a related deal, Wanda Hotel Development Company signed a non-binding framework agreement to acquire Wanda Hotel Management (Hong Kong) Co. Limited from Dalian Wanda Commercial Properties Co., Ltd. for CNY 750 million on August 9, 2017. Also, in another related deal, Dalian Wanda Commercial Properties Co., Ltd. agreed to acquire various stakes in Wanda Properties Investment Limited, Wanda International Real Estate Investment Co. Limited, Wanda Americas Real Estate Investment Co., Limited and Wanda Australia Real Estate Co., Limited from Wanda Hotel Development Company on August 9, 2017. The deal is subject to approvals by the Boards of Directors and the shareholders of Wanda Hotel Development Company, Wanda Culture Travel Innovation Group Co. and Beijing Wanda Culture Industry Group and compliance with the applicable requirements of The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission of Hong Kong. Wanda Hotel Development Company Limited (SEHK:169) cancelled the acquisition of Wanda Culture Travel Innovation Group Co., Limited from Beijing Wanda Culture Industry Group Co. Ltd on August 9, 2018.