China’s Wanda goals to create fund of as much as $12.4 billion, Bloomberg Information stories

(Reuters) – Chinese language property big Dalian Wanda has instructed some buyers it plans to ascertain a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44 billion) to pay taxes and debt, Bloomberg Information reported on Friday, citing folks aware of the matter.

($1 = 7.2322 Chinese language yuan renminbi)