#实话实说#
Wang Jianlin has been full of happy events recently.
First, Wanda and PAG signed a new agreement, and the 38 billion gambling crisis was finally resolved.
Then Sun Xishuang, a friend for many years, spent 4.53 billion yuan to take over for Wanda, which solved Lao Wang's urgent need.
Recently, Yonghui announced that the 389 million shares of Dalian Wanda Commercial Management held by the company were acquired by Dalian Yujin Trading Co., Ltd. at a purchase price of 4.53 billion yuan.
Dalian Yujin has just been established, and the shareholder is a well-known party group, and the actual controller of one party is Sun Xishuang.
Sun Xishuang began to invest in Wanda as early as 30 years ago when Wang Gang founded Wanda.
Over the years, the two have been in frequent business contacts, and it is said that the friendship between the two is also very deep. This time, Sun Xishuang's generosity is probably also thinking of more than 30 years of love.
I don't know if you guys feel it, it seems that every time Wang Jianlin arrives at a critical juncture, someone always comes to the rescue. Why is that?
Wang Jianlin's "white knights".
It is said that many friends have many roads, and this sentence is especially applicable to Wang Jianlin, who has been up and down in the business world for many years.
In 2017, Wanda was suddenly investigated for financing channels, and Wanda suffered a thrilling "double kill of stocks and bonds" in the capital market.
Subsequently, Wanda's financing channels were stuck, and more than 400 billion yuan of sky-high debts pressed on Wang Jianlin's head, and for a while, the market went viral and Wanda was going to collapse.
At the critical moment, Wang Jianlin put the Wanda Cultural Tourism Project and Wanda Hotel on the shelves in exchange for cash flow to survive.
13 cultural tourism projects, plus 77 hotels, were sold to Sunac and R&F for a total of 63 billion yuan, and it is said that Wang Jianlin lost at least 500 small targets in this transaction.
But Sunac's Sun Hongbin, R&F's Li Silian, and Zhang Zhang are still regarded as the "white knights" of Lao Wang, why?
First of all, the amount of money involved in this transaction is very rare, and it is basically a "deal of the century" that can become a historical record.
And it is not so easy for Sun Hongbin, Li Silian and others to come up with so much cash. What's more, there are many excellent targets on the market, and it is not necessary to buy Lao Wang's family.
Secondly, Wang Jianlin was in unnecessary trouble at that time, and the previously unblocked financing channels dried up instantly, and he had to bear a certain amount of risk if he was able to pay money to Lao Wang at this time.
So although Wang Jianlin survived with a broken arm, this did not affect the role of Sun Hongbin and others as "white knights".
In addition, the new agreement signed with PAG this time, Shan Weijian, who "let Lao Wang Yima", "let Lao Wang Yima", and in 2021, Shan Weijian's PAG became one of the investors of Wanda Commercial Management, accounting for 18 billion of the total investment of 38 billion.
And also signed a famous VAM agreement with Lao Wang, at the end of 2023, Wanda cannot be listed, Lao Wang will redeem the shares, and pay interest at an annual interest rate of 8%.
Now seeing that Wanda's listing plan cannot be completed, if investors insist on Lao Wang's redemption, then Lao Wang may really be in danger.
But at the critical moment, Shan Weijian's Taimeng chose to continue to invest in Wanda, which removed the biggest thunder on Lao Wang's head, and also allowed Lao Wang, who had recently lost weight, to breathe a sigh of relief.
But unlike the above, the relationship between Sun Xishuang and Lao Wang is even more special.
Mysterious "close friend" Sun Xishuang
It can be said that Wang Jianlin's every step of becoming Wanda is assisted by Sun Xishuang.
But unlike Wang Jianlin, Sun Xishuang is very low-key, rarely appears in public in front of the media, and everyone can only speculate about his friendship with Lao Wang through the group under his name.
In 2002, Wanda launched a privatization, and Dalian Wanda and CEFC Trust sold 36 million shares of the company to Beijing Hexing Investment for 62 million yuan, and Hexing became Wanda's second largest shareholder, while Sun Xishuang held 30% of Beijing Hexing's shares.
In 2009, Wanda invested in Changbaishan International Tourism Resort, officially opening the road of cultural tourism, and Sun Xishuang's side accounted for 20% of the shares.
In 2010, Sun Xishuang became a shareholder of Wanda Films, with a shareholding ratio of 4.2%, which is second only to Wang Jianlin's natural person shareholder.
In 2011, Sun Xishuang moved the headquarters of one party to Wanda Plaza in Beijing, and became neighbors with the headquarters of Wanda Group.
In 2014, Wanda was listed on the Hong Kong stock market, and Sun Xishuang held 6.3% of the shares, and was the only natural person shareholder holding more than 5% of the shares.
In 2015, Sun Xishuang and Wang Jianlin also jointly funded the establishment of Yifang Film and Television Media Co., Ltd., but the company was later cancelled.
In addition, Sun Xishuang's side also participated in many overseas projects of Wanda that year.
For example, Wanda spent 2.2 billion yuan in June 2015 to buy the Australian cinema chain Hoyts, and Hoyts happened to be bought by Sun Xishuang's fund for 2.2 billion half a year ago.
Boss Sun gave the theater to Lao Wang at a low price, and he didn't make a penny, which shows the depth of the friendship between the two.
Wang Jianlin's "charm"
After reading so much of the above, you must be very curious, what kind of charm does Lao Wang have, so many people can support him? In my opinion, there are mainly the following reasons.
First of all, Wang Jianlin has always had a strong sense of responsibility, which may have something to do with his military background.
In recent years, domestic real estate developers abound, but most bosses choose to lie flat under the debt.
Some even played all kinds of small tricks and finally sent themselves in, yes, it was Xu Jiayin.
But in the face of the same amount of debt, Wang Jianlin has never thought of lying flat, whether it is in 2017 or this year, what we see is that Lao Wang is trying to sell assets in exchange for cash to tide over the difficulties.
With this alone, Wang Jianlin can win the trust of many investors. You know, in business, it may be easy to make money, but it is even more difficult to gain the trust of others.
So many people are willing to lend a hand to Lao Wang, in the final analysis, they still believe that Lao Wang is a responsible businessman.
Secondly, Wang Jianlin has always been regarded as a "big brother" who attaches great importance to righteousness in the circle.
It is said that Wang Jianlin was angrily delisted from the Hong Kong stock market that year, partly because Wanda's stock price was too low, so that the "brothers" who followed Wang Jianlin not only did not make money, but lost a lot.
Coupled with the fact that Wanda was in the limelight at that time, Wang Jianlin saw that Hong Kong investors were so ignorant, so he submitted an application for delisting in a fit of anger.
Of course, everyone knows the plot later, Wanda failed to hit A-shares, and re-applied for Hong Kong stock listing, and it is estimated that Lao Wang will also regret it.
Again, Wanda's profitability has always been good, Wang Jianlin's Wanda movie created the IP of "Detective Chinatown", and the total box office of the movie alone is close to 90 billion.
From 2020 to 2022, the number of shopping malls under management by Wanda Commercial Management has increased from 368 to 472, with an average of more than 4 new shopping malls under management per month, and its market development ability is quite strong.
Correspondingly, Wanda Commercial Management's revenue also increased significantly from 17.196 billion yuan to 27.12 billion yuan.
The profit attributable to the company's owners increased from 1.112 billion yuan to 7.503 billion yuan, soaring nearly sixfold in two years.
Therefore, although Wanda Commercial Management's listing is not smooth, the company's ability to make money for investors is not ambiguous, which undoubtedly makes Lao Wang more attractive.