Wanda Hotel Development Company (DE:CL1A) has released an update.
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Wanda Hotel Development Company Limited has announced a revision to the existing annual cap for their continuing connected transactions under the Product Supply Framework Agreement, indicating that the transaction amount for the year ending 31 December 2024 may exceed previous expectations. Additionally, the company has entered into a Finance Services Sharing Agreement with Dalian Wanda Group, starting from 1 August 2024 to the end of that year. These transactions fall under specific reporting and announcement requirements due to the controlling shareholder relationship with Dalian Wanda Group, but do not require independent shareholder approval.
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