Dalian Wanda Commercial Management Group Co. is currently facing liquidity difficulties due to the decline in China's property market. As a result, the company is proposing changes to its $400 million dollar bonds that are due in 2025.
The proposed amendments would extend the maturity date of the bonds to January 12, 2026. In addition, the company is seeking to implement a mandatory redemption clause, which would require the redemption of 25% of the outstanding bonds on January 20. These actions reflect the ongoing financial challenges faced by the company in the current economic environment.