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Dalian Wanda's 2011 revenue exceeds RMB 100 bln

Jan. 10, 2012 (China Knowledge) - Dalian Wanda Group Co Ltd, one of the few unlisted property giants in China, reaped RMB 105.1 billion in revenue with total assets totaling RMB 195 billion at the end of last year, said an official of the group.

The real estate developer, which opened 16 Wanda Plazas, 12 five-star hotels and 14 department stores in 2011, paid RMB 16.34 billion in taxes last year, reflecting a year-on-year increase of 72% from RMB 9.5 billion.

Last December, Dalian Wanda won the bid for a piece of land in Jiangning District, Nanjing, capital of Jiangsu Province, at a consideration of RMB 1.9 billion. Board Chairman Wang Jianlin previously said the company intends to build Wanda Plazas in Jiangning and Jiangbei Districts, Nanjing.

On January 4, 2012, the group spent RMB 621 million or RMB 2,680 per square meter of potential floor area to acquire a plot in Songjiang District, Shanghai.

In a bid to reduce the environment pollution, Dalian Wanda has announced plans to build decorated apartments fors staff after 2013, sources reported.

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