Shanghai court freezes $278m worth of shares in Wanda Commercial

Shanghai court freezes $278m worth of shares in Wanda Commercial

FILE PHOTO: The company logo of Dalian Wanda Commercial Properties Co Ltd is displayed at a news conference on the company's annual results in Hong Kong, China March 24, 2016. REUTERS/Bobby Yip

A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer.