China's largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary.
The logo of the Dalian Wanda Commercial Properties is seen at a news conference in Hong Kong March 31, 2015. REUTERS/Tyrone Siu/Files
Two Shanghai court notices dated Monday showed the group cannot trade or otherwise use its shares in property manager Dalian Wanda Commercial Management Group until June 4, 2026. The notices did not detail reasons. The court order was made after a request from the company, according to a person familiar with the matter who was not authorised to speak to media.
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