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China's Wanda to make bln-dollar play in Aussie property market

(Xinhua)    10:49, August 13, 2014
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CANBERRA, Aug. 13 -- The company of China's real estate tycoon, Wang Jianlin, will launch into Australia's property- development market, creating a billion-dollar local arm to invest in new projects, including a long-awaited Gold Coast high-rise complex.

Wanda Commercial Properties, a Hong Kong-listed entity of the Dalian Wanda Group, announc