Warburg Pincus Said to Seek Redemption of Stake in Wanda Mall Unit.

Warburg Pincus, an investment firm, is seeking to redeem its investment in Dalian Wanda Group Co.'s shopping mall unit. The unit has been unsuccessful in listing in Hong Kong and has been trying to raise funds. Warburg Pincus invested 970 million yuan ($135 million) in Zhuhai Wanda Commercial Management Group Co. in 2021, with the condition that it would be repaid if the company failed to list by the end of 2023. A court in Shanghai has frozen about 5 billion yuan worth of equity in Zhuhai Wanda. Zhuhai Wanda is also trying to raise loans and the Abu Dhabi Investment Authority is considering buying a stake. Other pre-IPO investors include PAG, Ant Group, Citic Securities, and Tencent Holdings. [Extracted from the article]