Wanda, run by China's richest man, Wang Jianlin, said in early November that it would buy all of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants.
Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in US entertainment that also produces the Academy of Country Music Awards and the Billboard Music Awards.
Each of the 370 Chinese billionaires have at least USD one billion in net assets and were led in the wealth stakes by 86-year-old Hong Kong magnate Li Ka-shing with an estimated USD 33.3 billion in assets.
The property arm of Chinese billionaire Wang Jianlin`s Dalian Wanda Group, Wanda Commercial Properties, raised $3.7 billion last week after selling 600 million shares at $6.19 each, the higher end of its price range