Dalian Wanda Group
On June 25, 2018, Wanda has unveiled plans to consolidate its film and entertainment businesses with the aim of boosting production of films, television and games. In a company notice issued to the Shenzhen Stock Exchange, Wanda Film Holdings, a subsidiary of Dalian Wanda Group, said it plans to acquire a 96.83% stake of Wanda Media from the company's 21 shareholders at a price of 11.6 billion yuan ($1.77 billion) via cash payment and share issue.