After Disneyland opened its first theme park in China previous year, Mr Wang announced plans to build 20 theme parks with Chinese characters by 2020, of which 15 would be in China and five overseas.
Wanda Hotel Development announced on Monday that it had nothing in particular to make public despite sharply rising share sales and purchases.
The company posted revenue growth of 17.9 per cent in the first half of this year to 134.8 billion yuan (S$27.5 billion).
A $9 billion deal by billionaire Sun Hongbin's Sunac China Holdings Ltd. adds to the trend of Chinese property developers swallowing up rivals and their land at a record pace.
Wanda is among conglomerates including Fosun International Ltd., HNA Group Co. and Anbang Insurance Group Co. whose loans are under government scrutiny after China's banking regulator asked some lenders to provide information on overseas loans to the companies, people familiar with the matter said in June.
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Sunac's stock has soared nearly 130 percent this year. Evergrande, which is actively de-leveraging by repaying all its perpetual bonds, is expected to drop below 300 percent. But given its larger assets of 771.3 billion yuan, the debt-to-asset ratio of 70.6 per cent is on par with the industry average and the 86.7 per cent for Sunac China.
"For Sunac, the deal signifies a move into hotels from primarily property development it focused on before", said Kristy Hung, an analyst with Bloomberg Intelligence.
"After the payment, Sunac's cash on hand would dip to 30 billion yuan, which is less than its borrowings maturing in one year at 38.7 billion yuan as reported in its 2016 annual report", she said.
Sunac declined to comment further before the official announcement. That deal comes as Dalian Wanda and Sunac trade places near the top of the mainland's most-indebted list, and an institutional investor that looks a lot like BlackRock offers up a $260 million stake in China Vanke.