Text/Straight and straight
Edit/Straight and upright
Preface
Wang Jianlin, president of Wanda, failed to gamble, but the 38 billion gambling capital was cleared!
In China's real estate industry, there may be some controversy about who is the strongest, and who has the strongest vitality may be Wanda Wang Jianlin!
At the moment when Wanda entered the countdown to life, Wang Jianlin turned the tide at the moment of crisis and once again helped Wanda get through the difficulties.
Previously, in order to change the company's embarrassment, Wanda signed a VAM agreement with 22 investors.
If the VAM agreement fails, Wang Jianlin will pay a debt of 38 billion!
What is puzzling is that although Wang Jianlin failed in his bet, his 38 billion yuan debt "disappeared out of thin air"! What exactly did he do?
Ichigendo
After 22 investors took a stake in Wanda, it means that Wanda and Wang Jianlin successfully survived the debt crisis.
Although this result was not the best result for Wang Jianlin, it helped him relieve the pressure on his funds to a certain extent.
Some netizens speculated that the reason why investors converted funds into equity was because they were afraid that Wang Jianlin would directly choose to give up Wanda under their hard work.
After Wang Jianlin gave up Wanda, Wanda may have the risk of "thunderstorm", and in such a situation, the investor's money directly became a "dead account".
According to the notice issued by Red Star News, Dalian Wanda's shareholding ratio is only 40%, although it is now the largest single major shareholder, but compared with before, there has been a serious reduction in shares.
Wanda's former shareholders and the 22 new investors now hold a total of 60% of Wanda's shares, which means that Wanda is no longer Wang Jianlin's family.
Some netizens are curious, why does Wang Jianlin owe 38 billion?
Life hangs by a thread
Two years ago, Wanda's core subsidiary, Wanda Commercial Management, borrowed 38 billion yuan from a group of investors.
Although the investors agreed to provide funds to Wanda, there were preconditions for them to provide funds for Wanda, and the investors demanded that Wanda sign a VAM agreement.
The general content of the VAM agreement is that Wanda must complete the listing before December 28 this year, and if it cannot complete the listing, Wang Jianlin and Wanda must return 38 billion yuan with interest to investors.
Although Wang Jianlin tried his best to let Wanda complete the listing, due to various reasons, Wanda's listing became a distant thing.
Wanda failed to complete the listing at the agreed time, which means that Wanda has to return the money of the 22 investors.
After Wang Jianlin and Wanda got the money, his efforts did not achieve the desired results, and Wang Jianlin began to worry when the time was approaching.
Wang Jianlin lost weight directly because of this matter, and in order to repay the creditor, Wang Jianlin carried out a clearance sale.
Wang Jianlin not only sold the equity of Wanda Film, but also sold the equity of Wanda Investment.
Some netizens even said: "Wang Jianlin almost sold his lifeline Wanda's equity."
Just when the VAM agreement was about to take effect, a mysterious person appeared to save Wang Jianlin.
Who is this mysterious person?
The leader of this mysterious group is called PAG Investment, which is a private equity company from China that is said to have assets of up to $50 billion.
According to netizens: "PAG Investment generously said, Lao Wang, don't worry, I'll pay you back the money when the day comes."
At present, now that Wanda's VAM agreement has been temporarily eliminated, investors have successfully converted the loan into Wanda's shares.
In 2014, Wanda ushered in its highlight moment, Wang Jianlin led Wanda to complete the listing on the Hong Kong stock market, but now Wang Jianlin has been reduced to selling assets to survive.
Wang Jianlin has experienced ups and downs in the past nine years, what have he and Wanda experienced?
Wang Jianlin, who had just become China's richest man for a year in 2014, allowed Wanda to list in China, setting a record for the largest IPO on the Hong Kong Stock Exchange at the time.
After Wang Jianlin completed the listing of Hong Kong stocks, it can be said that he was the first spring breeze for a while, but the good times did not last long, and in 2016, due to various reasons, Wanda's shares in Hong Kong stocks suffered a serious decline.
You must know that Wanda's stock reached 78 Hong Kong dollars at its peak, but in 2016, it fell directly to 31 Hong Kong dollars in Hong Kong stocks.
This also led to Wanda's stock price not being as high as the company's market value at that time, and Wang Jianlin was not very satisfied with the situation.
At that time, some netizens rumored that "Wang Jianlin was angry and wanted to delist from Hong Kong stocks and return to China's A-share listing".
In response to Wang Jianlin's proposal, Hong Kong stocks asked Wang Jianlin to buy back all the stocks on the Hong Kong stock market, and the market value of the Hong Kong stock market at that time was 34 billion yuan.
At that time, in order to raise funds, Wang Jianlin was like a bunch of investors borrowing money, and the investors generously lent money to Wang Jianlin, but asked Wang Jianlin to sign a VAM agreement.
The investor's requirement is that the listing of Hong Kong stocks must be completed before August 2018, otherwise Wang Jianlin will have to return the money to the investor with interest.
Wang Jianlin, who was arrogant at that time, immediately agreed to the investor's request, and it was Wang Jianlin's "proud" decision at that time that made him pay a painful price.
As we all know, at the end of 2016, the real estate industry changed dramatically, and Wang Jianlin and Wanda were seriously affected.
In order to maintain the company's development, Wanda packaged its cultural tourism and hotels for sale.
Although Wanda's behavior at the time seemed heroic, Wanda also managed to avoid a threat.
It not only reduced the group's debt, but also allowed it to avoid the risk of thunderstorms, although the risk was avoided, but the listing within the agreed time became an impossible task.
Although Wanda avoided this risk, it no longer had enough funds to repay its high debts, and Wang Jianlin tried to repay the money.
In the end, Wang Jianlin opened up to one of his friends, Tencent, Alibaba, JD.com, Sunac, etc.
In order to enable Wang Jianlin to repay their funds within the specified time, Wang Jianlin signed a second VAM contract.
Their bet is that Wanda must go public within 23 years.
Due to various reasons, Wang Jianlin has not completed the listing on the A-share market, and in order to fulfill his commitment, he has no choice but to return to the Hong Kong stock market to complete the listing.
In order to successfully complete the listing of the Hong Kong stock market, Wang Jianlin specially established Wanda Commercial Management, and not only that, but he also raised 38 billion yuan from 22 investors.
However, due to various reasons, Wang Jianlin failed to complete the listing within the specified time, and seeing that the time for gambling was reduced, Wang Jianlin could only choose a strong man to break his wrist, and netizens said: "Wang Jianlin even wants to sell Wanda Plaza."
Fortunately, at the critical moment, the PAG Group saved him, although Wang Jianlin and Wanda were saved, but now Wanda is no longer Wanda that belongs to Wang Jianlin alone.
Wang Jianlin's shareholding in Wanda's hands has plummeted, and it is said that now he has only 40% of Wanda's shares.
Where Wanda will go in the future depends on the decisions of Wang Jianlin and an investor!
end
Under the leadership of Wang Jianlin, Wanda has gone through 35 years of ups and downs, and has experienced great and small hardships along the way.
Wang Jianlin relied on his courage and decision-making to turn crises into dangers.
I believe that in the future, Wanda will be able to become bigger and stronger under the leadership of Wang Jianlin and create brilliance again!
【Disclaimer】The process and pictures described in the article are all from the Internet, and this article aims to advocate positive social energy and no vulgar and other bad guidance. If it involves copyright or character infringement issues, please contact us in time, and we will delete the content as soon as possible!