Wang Jianlin
Media playback is unsupported on your device
Video

Dalian Wanda Group: Sunseeker jobs 'will stay in UK'

Chinese property developer Dalian Wanda Group has said it will spend more than £1bn ($1.6bn) to buy a British yacht maker and develop a hotel in London.

Wanda will pay £320m for almost 92% of Sunseeker International and invest £700m to develop a five-star hotel in the capital.

Speaking to the BBC's John Sudworth, Dalian Wanda Group chairman Wang Jianlin explained why his company was keen to seal the deals.

He also insisted that Sunseeker workers in the UK had nothing to fear.

  • 19 Jun 2013
Go to next video: Luxury yacht sales boom in China