Dalian Wanda Group sells its subsidiary Sunseeker to Lionheart Capital.

The media Bloomberg announces the agreement reached by Dalian Wanda Group with the US fund Lionheart Capital for the sale of its subsidiary Sunseeker International and informs that the transaction is currently being reviewed by the British regulatory authorities and, once completed, presumably within the next month, will be able to confirm the transaction.

The media outlet specifies that the Chinese group and Miami-based Lionheart have signed a purchase and sale agreement and that the news comes from a source who asked to remain anonymous.

Dalian Wanda Group, a large Chinese industrial group, whose president is the billionaire Wang Jianlin defined by thewirechina.com As China's former richest man, he has been in a cash crisis for a couple of years and has had to resort to major sales of properties in the hotel sector and beyond through his property management subsidiary Dalian Wanda Commercial Management Group.

Lionhert Capital has also owned Cigarette Racing, a high-performance luxury powerboat company, since May 2021.

From recent rumors, it seemed that an Italian fund was also interested in acquiring Sunseeker International.