HONG KONG Nov 21 Beijing Soft Rock Investment
Group said on Monday it had scraped an asset-swap
deal with Dalian Wanda Group, which is seeking a backdoor
listing for its commercial property business in Shanghai.
Soft Rock, said in a statement it had been in discussions
with Dalian Wanda Group, owned by China's richest man Wang
Jianlin, to issue company shares in exchange for all the shares
in Dalian Wanda Commercial Properties.
"After repeated discussion, all the parties were not able to
reach consensus on the timetable of the asset restructure," the
company, whose shares have been suspended since Sept. 26, said.
Dalian Wanda Group declined to comment.
Dalian Wanda Commercial Properties was delisted from Hong
Kong on Sept. 20 via a $4.4 billion buyout and the company aimed
to relist it in China where it hopes for a higher valuation.
Soft Rock will resume trading on Tuesday.
(Reporting by Clare Jim; editing by David Clarke)