Wang Jianlin sold Wanda Films
Wanda Films is no longer Wang Jianlin's company.
On the evening of December 12, Wanda Film disclosed that Shanghai Ruyi Investment Management Co., Ltd. acquired 51% of the shares of Beijing Wanda Investment Co., Ltd., the controlling shareholder of Wanda Film, for a total transfer price of 2.155 billion yuan.
After this transaction, the controlling shareholder of the company is still Wanda Investment, and Ruyi Investment holds 51% of the equity of Wanda Investment. Ruyi Investment is a wholly-owned company controlled by Ke Liming, and Ke Liming indirectly controls 20% of the equity of Wanda Film through Ruyi Investment, and the actual controller of the company is changed from Mr. Wang Jianlin to Mr. Ke Liming.
According to public information, Ke Liming, born in Huanggang, Hubei Province in 1982, is a well-known investor, a master of finance, one of the few film and television drama producers in China with a high educational background and professional experience related to returnee financial investment, and the CEO and chairman of China Ruyi Holdings Co., Ltd.
There are many classic films in which Collimin has led the investment or served as a producer.
In 2013, Ke Liming led the planning and production of the films "To Our Dying Youth" and "Small Times" were released nationwide, starring Yang Mi, Ke Zhendong, Guo Caijie, Guo Biting, etc.
In 2014, Ke Liming led the planning, investment and production of the big movie "Old Boy Raptors Crossing the River".
In 2015, the TV series "Langya Bang" and "The Legend of Miyue" invested and produced by Ruyi Pictures were successively broadcast on Dragon TV and Beijing Satellite TV.
In 2021, film and television works represented by "Send You a Little Red Flower" and "Hello, Li Huanying" will be produced.
In fact, since the beginning of this year, Wang Jianlin, the founder of Wanda Group, has frequently "sold" shares and reduced his assets.
In March this year, Wanda Culture Group reduced its holdings of 43,565,300 shares of the company's Wanda Film through the block trading system of the Shenzhen Stock Exchange, accounting for 2% of the company's total share capital.
In April, Wanda Investment, the controlling shareholder of the company, planned to reduce its holdings of Wanda Film by no more than 65,381,100 shares through centralized bidding and block trading, accounting for 3% of the company's total share capital.
In July, Wanda Investment's stake in Wanda Films fell to 20%.
In addition, Wang Jianlin also sells a number of Wanda Plazas.
At the beginning of June, the major shareholders of the three shopping malls of Shanghai Songjiang Wanda Plaza, Xining Haihu Wanda Plaza and Jiangmen Taishan Wanda Plaza were successively changed from Dalian Wanda Commercial Management to "Zhuhai Wensheng Enterprise Management Co., Ltd."
In December, it was reported that Wanda Group planned to sell its Wanda Plazas in first- and second-tier cities in exchange for liquidity, and is currently negotiating with insurance institutions.
As for the reason for Wang Jianlin's frequent asset sales, some industry insiders speculate that it may be for financing and debt repayment.
Whether Wang Jianlin will be able to calmly deal with this crisis will remain to be seen.
Author | Zhang Xiaolei