Wanda’s Mall Unit Is Said to Delay $3 Billion Hong Kong IPO (1)

Chinese conglomerate Dalian Wanda Group Co. has put a planned Hong Kong initial public offering for its shopping mall unit on hold, according to people familiar with the matter.

Zhuhai Wanda Commercial Management Group Co. has delayed the listing due to recent market volatility, the people said, asking not to be identified as the information is private. Challenging conditions in China’s real estate sector have also affected the firm’s IPO prospects, one of the people said.

Wanda had planned to list the unit in the first half of this year, another person said.

Deliberations are ongoing and the IPO could ...