The AMC Entertainment's debt risk has reportedly come under government scrutiny.
"Some people genuinely care about us, but others spread rumors and they hope for chaos," Wang said in a speech in Beijing.
"Some people have said Wanda has a debt of 400 billion yuan ($59.2 billion) or loans of 400 billion yuan from the bank, but this is completely wrong."
Wanda will now sell 77 hotels to Guangzhou-based R&F Properties for 19.96 billion yuan and 91 percent equity share in 13 tourism projects to property developer Sunac China for 43.84 billion yuan, according to a statement.
The total price of 63.7 billion yuan, or $9.3 billion, marks the second-largest deal ever in China's real estate industry, according to Reuters.
"Our cash flow will improve dramatically and we have decided to pay off most of the loans from banks," Wang said.