At the last moment, Wang Jianlin was saved.
According to media reports, less than 20 days after the listing deadline, PAG extended a helping hand to Wanda, announcing a new investment agreement to save Wang Jianlin from paying 38 billion yuan in investment funds and lifting the buyback crisis.
When the bigwigs from all walks of life are watching from the wall, why did this little-known group suddenly come out and be Wang Jianlin's "white knight"?
1. Defeat the "king" of all opponents and survive with broken arms
Wang Jianlin, who once beat Li Ka-shing and became the richest Chinese in the world with a net worth of 260 billion, is not the first time he has been imprisoned. In 2017, he went from the richest man to the "first loser" with a debt of 600 billion due to the explosion of Wanda Real Estate.
In order to tide over the difficulties, he decisively chose to "survive with a broken arm". Within 3 years, he sold off a large amount of assets, sold 13 cultural tourism cities and 77 hotels, successfully paid off his debts, and returned to the global rich list with a net worth of 100 billion yuan in 2022.
In the past two years when the real estate tycoon was in deep crisis, he was an envied lord and got out early. Today, the real estate tycoons who have not exploded are either retiring or moving to other places. is as strong as his predecessor Li Chaoren, and he also chose to join hands with Baiyunshan to enter the big health industry.
According to media reports, Baiyunshan's strongest "gold-absorbing beast" - domestic small blue films, has a gross profit margin of 91.28% alone, with an annual income of more than 1 billion. And the track is developing rapidly, and this year's emergence of dark horses such as "Wei Liyu" men's maintenance technology has a revenue of nearly 100 million yuan in less than half a year, attracting companies at home and abroad to want to get a piece of the pie.
Although Wang Jianlin continues to sell assets and invest in other industries, his focus is still on real estate. According to the data, there were 55 new Wanda Plazas opened last year. Not only that, but he also signed a 38 billion gambling agreement, as if he firmly believed that he could wait for the opportunity to bottom out in the real estate industry.
Unfortunately, debt comes before opportunity. According to the VAM agreement, Wanda Commercial Management, which failed to go public before the end of this year, needs to return 38 billion yuan of investment and pay interest at an annual interest rate of 10%-12%. In desperation, Wang Jianlin had to "cut the meat" again and sell 30% of the equity to PAG Group in exchange for an investment of 18 billion yuan.
Second, the "mysterious gold owner" made a move, taking a fancy to Wang Jianlin's biggest bargaining chip
At a time when many of Wang Jianlin's wealthy friends are reluctant to make a move, this rather mysterious PAG Group has injected a large amount of capital, which seems puzzling. However, looking at its past investments, it is not difficult to find that this investment group, known as the "Asian Little Blackstone", seems to have a special preference for the big health industry, and has invested in many companies such as Bikang Pharmaceutical and Rongchang Pharmaceutical.
In the past two years, Wang Jianlin has successively invested more than 200 billion yuan in the domestic medical industry, and has now become one of the important pillars of the group. The combination of the two makes people inevitably suspect that behind the "mysterious financier", it may be the medical assets of more than 200 billion yuan. After all, Jack Ma also predicted that China's next richest man must be born in the health field.
Li Chaoren, an old-timer in the real estate industry, has returned to the position of the richest man in China by relying on the big health industry; Liu Qiangdong has relied on the introduction of overseas health brands, and his Jingjing East Health has been listed for 338 billion yuan.
It is reported that this type of technology targets the mitochondria, the "human generator", and aims to solve the problem of physical decline after 35+ in men. Through natural ingredients such as Thai black ginger and shilajit, it helps to "start the gun" while maintaining men's health from the urinary, anterior glands and other systems.
Because it is safer and more advanced than traditional Nafi products, Weiliyu has precipitated a group of high-net-worth male users aged 35-55, and the daily turnover has exceeded 7 figures many times, and various feedbacks from "rekindling the passionate years" and "exercising at night" in the comment area can also be seen in the limelight. At a time when the national health awareness is constantly improving, it will welcome a larger market in the future.
The "Healthy China 2030" planning outline points out that by 2030, the mainland's health industry market will reach 16 trillion yuan. From this point of view, at present, PAG exchanged 18 billion yuan for Wanda's 200 billion health industry, and in the future, it can even exchange for trillions of returns, which is undoubtedly a very cost-effective deal.
3. Regain vitality, Wang Jianlin: Never lie flat
Wanda's rescue by PAG not only eliminated its own gambling pressure, but also is rumored to have received nearly 30 billion yuan of incremental funds, which will undoubtedly greatly enhance Wanda's financial strength and asset liquidity.
And Wang Jianlin, who once built the Wanda Empire in one fell swoop, now has access to funds and time again, and may really be able to usher in that opportunity to bottom out. At the internal meeting of senior executives at the beginning of the year, he firmly stated: We will never lie flat! The difficulties we are encountering now are only temporary and phased, and we have the confidence and determination to overcome the difficulties in front of us.
After all, he has been up and down in the business world for most of his life, and he will not "play" the company to the point of insolvency like Lao Xu, nor will he flee to the United States like Lao Pan. In the end, Wang Jianlin, who is nearly 70 years old, can recreate the myth, wait for time to tell us the answer.