Wanda Hotel Development Announces Extension of Long Stop Date and Delay in Special Dividend for Subsidiary Sale

Reuters09-30

Wanda Hotel Development Announces Extension of Long Stop Date and Delay in Special Dividend for Subsidiary Sale

Wanda Hotel Development Company Limited has provided an update regarding the sale of its entire interest in Wanda Hotel Management (Hong Kong) Co. Limited. The company announced an extension of the long stop date for the completion of the disposal, noting that certain conditions for completion are still outstanding. As a result, the payment of the previously declared special dividend will also be delayed. Wanda Hotel Development stated that, assuming the disposal is completed by the extended long stop date, payment of the special dividend is expected to be made no later than 31 December 2025. The company indicated that further announcements regarding the details and timing of the special dividend will be made as appropriate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wanda Hotel Development Co. Ltd. published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Limited. The company announced an extension of the long stop date for the completion of the disposal, noting that certain conditions for completion are still outstanding. As a result, the payment of the previously declared special dividend will also be delayed. Wanda Hotel Development stated that, assuming the disposal is completed by the extended long stop date, payment of the special dividend is expected to be made no later than 31 December 2025. The company indicated that further announcements regarding the details and timing of the special dividend will be made as appropriate.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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