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Dalian Wanda says report chairman prevented from leaving China "groundless"
August 28, 2017 / 3:04 AM / 22 days ago

Dalian Wanda says report chairman prevented from leaving China "groundless"

HONG KoNG, Aug 28 (Reuters) - Chinese conglomerate Dalian Wanda Group said in a statement to Reuters on Monday that a report claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was groundless and it planned to take legal action.

Taiwanese news site Bowen Press had reported on Sunday that Wang was stopped from leaving Tianjin airport on Friday with his family and had been detained for a few hours.

Shares of Wang’s Wanda Hotel Development were down more than 6 percent on Monday. Dalian Wanda’s bonds were down by as much as 2 points but bounced back.

Reporting By Clare Jim and Umesh Desai; Editing by Anne Marie Roantree

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