Wang Jianlin plans to transfer 51% of the equity of Wanda Investment, and the receiver has produced "Langya Bang" and "Hello, Li Huanying"
China Economic Weekly-Economic Net News Wanda Film announced on December 6 that it received a notice on December 6, 2023 that the company's indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd., its wholly-owned subsidiary, Beijing Hengrun Enterprise Management and Development Co., Ltd., and the company's actual controller Wang Jianlin intend to transfer 51% of the company's controlling shareholder, Beijing Wanda Investment Co., Ltd., to Shanghai Ruyi Investment Management Co., Ltd.
If the above matters are finally implemented, it will lead to a change of control of the company. In view of the uncertainty of the above matters, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in stock prices, according to relevant regulations, the company's shares will be suspended from the opening of the market on December 6, 2023 (Wednesday), and the suspension time is expected to be no more than 2 trading days.
As of the close, China Ruyi (HK0136), the parent company of Shanghai Ruyi, reported HK$1.86, up more than 5%, with a market value of HK$21.55 billion.
Tianyancha App shows that Beijing Wanda Investment Co., Ltd. was established in December 2006, the legal representative is Zhang Lin, with a registered capital of 3 billion yuan, and its business scope includes project investment, investment management, investment consulting, etc. At present, the company is held by Shanghai Ruyi Film and Television Production Co., Ltd., Beijing Hengrun Enterprise Management and Development Co., Ltd., Beijing Wanda Cultural Industry Group Co., Ltd., and Wang Jianlin holding 49%, 29.8%, 20%, and 1.2% of the shares respectively.
Shanghai Ruyi Investment Management Co., Ltd. was established in December 2015, the legal representative is Yang Yu, the registered capital is 10 million yuan, the business scope is investment management, asset management, by Ke Liming and his name Beijing Zhumeng Qiming Culture and Art Co., Ltd. held 99% and 1% respectively. It is worth mentioning that Ke Liming is also the legal representative of Shanghai Ruyi Film and Television Company, the major shareholder of Beijing Wanda Investment Co., Ltd., and holds 99% of the shares, which is the actual controller. At present, Ke Liming is associated with a total of 15 companies, of which 11 are in existence, including Beijing Ruyi Xinxin Film Investment Co., Ltd., and China Ruyi Holdings Co., Ltd., a Hong Kong-listed company. It is reported that Ruyi Pictures has planned and produced a number of popular film and television products, including "Langya Bang", "The Legend of Miyue", "Hello, Li Huanying" and so on.
New Media Editor: Cui Xiaomeng