SINGAPORE—Chinese conglomerate Dalian Wanda Group Co. said it would list its commercial property service unit in Hong Kong, testing investor appetite for real-estate stocks during a Chinese housing market slump.
The unit, Zhuhai Wanda Commercial Management Group Co., which manages almost 400 malls across China, counts real-estate tycoon Wang Jianlin as its largest shareholder. This unit is part of its parent company’s efforts to shift its business away from capital-intensive real-estate development.
