Dalian's Wanda to buy British luxury yacht maker

Dalian Wanda Group Corp Ltd, one of China's largest property developers, is close to purchasing Sunseeker, Britain's largest luxury yacht maker by sales, according to the Financial Times.

The Chinese property group is expected to pay about 2.87 billion yuan ($468 million) for the acquisition, according to sources familiar with the deal. The transaction is likely to be finalized before the end of June, the report said.

Wang Jianlin, chairman of the conglomerate, said that “we bought the best yacht company in the UK,” but he did not reveal the yacht maker's name.

In addition to the yacht maker deal, Wanda is also considering a large investment in a luxury London hotel, according to Wang. He said that the two investments combined would reach more than 9.6 billion yuan, and the company had obtained regulatory approval for the deals from both Britain and China.

We Recommend:
Ladies in finance industries	Fortune Global Forum to be held in Chengdu	Top 10 most competitive airlines in the world
General view of Hefei Xinqiao Int’l Airport	China FAW launches high-end car model H7	Top 10 most competitive cities in China in 2013
Boeing delivers China’s first 787 Dreamliner	Intelligent & beautiful Asian business women	Eye-catching models highlight house fair