Wang Jianlin personally has 47 billion, why is Wanda nervous about 30 billion bets?

Wanda Group has made frequent moves recently, first selling 51% of Wanda Investment's shares, and then there is news that Wanda Group is preparing to sell Wanda Plaza in first- and second-tier cities to maintain the capital chain.

Wanda Group sold Wanda Investment, which made them lose control of Wanda Films, you must know that Wang Jianlin attaches great importance to the film industry, if it is not a last resort, Wang Jianlin is unwilling to do so.

For Wang Jianlin, time is getting tighter and tighter, because Zhuhai Wanda Commercial Management's 30 billion gambling is about to expire, but the company has not been successfully listed, so the pressure is getting bigger and bigger.

According to the VAM requirements, if the listing is not completed by the end of 2023, then Wanda must acquire all the shares and pay 8% interest, if the interest is counted, then Wanda must take out about 40 billion yuan.

So some netizens raised a question, that is, Wang Jianlin still has 47 billion assets on the Hurun wealth list, which can completely cover the 30 billion bets, why is Wanda still so nervous?

It's not that simple.

When Wang Jianlin became the richest man, someone wrote an article after analyzing Wanda's debts and saying that Wang Jianlin was not the richest man but the richest man.

Later, Wang Jianlin deliberately clarified this issue, the debt is Wanda's debt, not personal debt, and he himself has hundreds of billions of shares in Wanda, which can be cashed out at any time if he needs money.

For this matter, some friends don't understand. In fact, the company's liabilities have nothing to do with the individual shareholders. From any point of view, Wang Jianlin is not obliged to use his own money to repay Wanda's debts.

Unless Wang Jianlin personally provides a guarantee, in this case, if Wanda can't pay it back, then Wang Jianlin must pay it back. But if Wang Jianlin didn't have it, he wouldn't have to do it.

Another situation, that is, how did Wang Jianlin's 47 billion personal assets come from. In fact, the calculation of this number is not entirely accurate.

Because the media used Wang Jianlin's shareholding in Wanda Group to make a calculation. According to the public data released by Wanda, the media calculated Wanda's valuation, and then calculated Wang Jianlin's shareholding ratio, so as to derive Wang Jianlin's personal net worth.

Now that Wanda has encountered a gambling crisis, the value of Wang Jianlin's shares may be greatly discounted. Then it is a question whether these shares can cover the bet.

Besides, those investors are not good at stubble, they want cash, and whether they are willing to take over the shares is one thing. Therefore, even if Wang Jianlin has personal assets of 47 billion, even if he is willing to solve the problem, it is not something that he can solve it personally.

Many people superficially understand that the 47 billion is a cash asset, and Wang Jianlin can use it at will. Globally, it is estimated that there are few billionaires who can take out 47 billion cash in one go.

For Wang Jianlin and Wanda, it is indeed a critical function now. Otherwise, Wang Jianlin would not have started the idea of selling Wanda Plaza. It was previously reported that Wang Jianlin was negotiating with investment banks, hoping to push the listing time to 2026, but the investment banks did not agree at present.

If the investment bank and Wang Jianlin do not reach a new agreement, then Wang Jianlin will have more than 20 days left. If Wanda can't come up with that much cash, then the only way is to sell the assets to buy back shares.

This is also the reason why Wanda has sold shares of Wanda Film many times this year, as well as the reason for the sale of Wanda Plaza. At present, Wanda's most high-quality assets are Wanda Films and Wanda's self-owned Wanda Plaza.

According to public data, Dalian Wanda's net assets are currently more than 300 billion, and from this point of view, it should not be a problem to deal with 30 billion bets. It's just that if Wang Jianlin wants to sell assets in the short term, he may not be able to sell them at a good price, and the overall market is not good now.

After seeing the end of Evergrande's thunderstorm, investment banks will definitely be extremely cautious about Wanda, which also adds additional pressure on Wanda. However, Wang Jianlin has also witnessed a lot of ups and downs along the way, and he will not be defeated so easily. I believe that Wang Jianlin will be able to lead Wanda out of the predicament and return to the peak of his career.