Suddenly! Wang Jianlin lost the Wanda movie
Author I Feng Jianhong
Edited by I Kaichong Zhang
Early in the morning of December 6, Wanda Film suddenly suspended trading and announced that it planned to change control.
Two hours later, it issued an announcement saying:
Beijing Wanda Cultural Industry Group Co., Ltd., the indirect controlling shareholder of the company, and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management and Development Co., Ltd., and Wang Jianlin, the actual controller, plan to transfer 51% of the equity of Beijing Wanda Investment Co., Ltd., the controlling shareholder, which they hold in aggregate, to Shanghai Ruyi Investment Management Co., Ltd. If the transaction is finalized, it will result in a change of control of the company.
This means that Wang Jianlin will lose Wanda Films.
Wanda Investment was sold, and Wanda Films was also sold
At present, the largest shareholder of Wanda Film is Wanda Investment, holding 20% of the shares.
Source: Qichacha APP
Wanda Investment is held by four shareholders, three of whom are controlled by Wang Jianlin, accounting for 51% of the shares. The other is Shanghai Ruyi, accounting for 49% of the shares.
Source: Qichacha APP
Now, Wang Jianlin wants to transfer all his holdings to Ruyi Investment. And the latter and Shanghai Ruyi are the same actual controller, Ke Liming.
This means that the actual controller of Wanda Investment will be changed to Ke Liming. Moreover, the actual controller of Wanda Films was also changed to him.
If the transaction is completed, Wang Jianlin will only hold a 10.21% stake in Wanda Film through Shenxian Rongzhi.
Who is Collimin?
According to public information, Ke Liming was born in Huanggang, Hubei Province, in 1982.
He was seriously biased from a young age, and after graduating from junior high school, he went to Australia to study. He graduated from Griffith University
He received his bachelor's degree in risk management in 2005
In 2006, he obtained a master's degree in money and banking.
After graduation,
Ke Liming joined Persistent Hedge hedge fund in Hong Kong for five years as a senior analyst.
In the 2009 financial crisis, financial experts went bankrupt
Ke Liming resolutely changed careers to enter the film and television industry and joined the advertising company founded by his brother Ke Jiuming.
After Ke Liming joined, the company changed its name to "Beijing Ruyi Xinxin Film Investment Company", and planned and produced well-known works such as "Iron Tooth Bronze Tooth Ji Xiaolan 4", "No War in Beiping" and "Langya Bang".
After 2013, Ke Liming came into contact with the big screen again, leading and investing in films such as "Hello, Li Huanying", "Send You a Little Red Flower", "Exchange Life" and "Keep You Safe" as an investor and producer.
presently
Ke Liming is an executive director and chairman of China Ruyi, a Hong Kong-listed company.
Wanda Film's performance has picked up, with a market value of about 27 billion
Since the beginning of this year, it is not the first time that Wanda Films have been sold.
It was first reduced by Wanda Investment and its concerted actors, and then 8.26% of the shares were transferred to Lu Lili. Affected by Lu Lili's mysterious identity, it has also attracted widespread attention in the market, see "The Mysterious Woman Threw 2.2 Billion to "Save" Wang Jianlin, Wang Sicong should work hard
》。
afterward
Another 8.14% stake in Wanda Film was transferred to Shen County Rongzhi.
has been targeted repeatedly, or because Wanda Movies is one of Wanda's few high-quality assets.
According to the financial report, in the first three quarters of this year, Wanda Film achieved revenue of 11.35 billion yuan, a year-on-year increase of 46.98%, and the net profit attributable to the parent company was 1.115 billion yuan, a year-on-year turnaround.
Among them, the operating income in the third quarter was 4.479 billion yuan, a year-on-year increase of 60.97%, and the net profit attributable to the parent company was 692 million yuan, a year-on-year increase of 1340.97%, a record high in a single quarter.
In the screening sector, in the first three quarters, Wanda Film's domestic theaters achieved a box office of 6.22 billion yuan, a year-on-year increase of 67.6%, and the number of moviegoers reached 150 million, a year-on-year increase of 68.7%. In the third quarter, the box office was 2.57 billion yuan, doubling year-on-year.
As of September 2023, Wanda Film has 877 theaters in operation and 7,338 screens in China. In the first three quarters, the company's cumulative market share was 16.5%.
During the same period, Wanda Film's Australian cinema chain achieved a box office of 235 million Australian dollars from January to September, a year-on-year increase of 16.8%, and as of September 2023, it has 60 overseas theaters.
In the content section, Wanda Films participated in the production of films "The Wandering Earth 2", "Space Exploration Editorial Department", "Countdown to Say I Love You" and "All or Nothing", and invested in the production of dramas "Who is he" and "The Most Brilliant Us".
As of the close of trading on December 6, the market value of Wanda Film was 27.133 billion.
Wanda Commercial Management's IPO is in doubt, and Wang Jianlin's net worth has shrunk
Behind the sale of Wanda Investment and the transfer of Wanda Films, it is nothing more than Wanda's financial pressure.
At present, there is no certainty on whether Wanda Commercial Management's IPO can succeed, and the prospectus will expire in 22 days. If the listing fails, it will need to pay about 30 billion yuan of equity repurchase money to pre-listing investors.
However, it is reported that Wanda Commercial Management wants to postpone its listing in Hong Kong until 2026 at the longest, and is currently in discussions with investors.
In terms of debt, Wanda Commercial Management recently announced that the centralized maturity of public bonds totaling about 18.2 billion yuan in 2023 has been completed on time. In addition, the balance of domestic credit bonds was 6.9 billion yuan.
In terms of operation, its revenue and net profit in the first three quarters were 38.826 billion yuan and 11.057 billion yuan respectively. As of the end of September this year, Wanda Commercial Management's net assets after deducting all liabilities exceeded more than 300 billion yuan.
In order to alleviate the financial pressure, Wanda has actually put assets on the shelves many times this year. In addition to Wanda Film equity, there are also 5 Wanda Plazas, financial licenses, Infront Sports, etc.
Assets have shrunk, and Wang Jianlin's net worth has also fallen sharply. According to the latest Hurun Report, its wealth is only 47 billion yuan, which has shrunk nearly five times compared with the glory days.
Judging from this year's Reuters, he has lost a lot of weight and seems to be very tired.
I think that at the beginning, Wang Jianlin was also a powerful boss, and he was the richest man in China for many years, and he was also in high spirits when he immediately sold Wanda Hotel and Cultural Tourism City and cashed out more than 60 billion.
But now, Wanda frequently sells assets, and its influence is getting weaker and weaker, which is embarrassing.
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