Unit of Chinese mega-conglomerate rockets 115% after it unloads $9.3 billion in assets

China’s Dalian Wanda said in a statement that it will sell 76 hotels and 13 cultural and tourism tourism projects to Sunac, a Tianjin-based property developer for 63.18 billion yuan ($9.29 billion). The property-to-entertainment group said it will sell 76 of its...