Middle Eastern financiers rushed to Wanda's aid, "taking advantage of the fire to rob" 60% of the shares, Wang Jianlin lost control?

With 60 billion yuan in aid, Wanda landed safely, and Wang Jianlin became the luckiest person in the real estate industry.

Wanda, which is in financial difficulties, has waited for the "white knight" again. On March 30, PAG, Abu Dhabi Investment Authority, Mubadala Investment Company, CITIC Capital, and ARES jointly invested 60 billion yuan to win 60% of Dalian Sundar League's shares, and Dalian Wanda Commercial Management Group's shareholding ratio dropped to 40%.

The Dalian Xinda Alliance is the parent company of Zhuhai Wanda Commercial Management, which manages 496 large Wanda commercial plazas, which are the core assets of Wanda Group.

While Wanda remains the largest single shareholder, Mr. Wang has lost absolute control. It can be understood that in Wanda, in the future, it will no longer be Wang Jianlin's words, and the capital side can oppose his decision at any time. However, at least Wang Jianlin's gambling crisis has been lifted, and Wanda will not be lost.

Many people may praise Wang Jianlin for his wide connections, and in this environment, he can also attract 60 billion investment, and it would be good if other real estate companies could attract 10 billion.

In fact, Wang Jianlin is "tearfully cutting meat", 60 billion to win 60% of the shares, equivalent to the value of each Wanda Plaza is only 200 million yuan, these capital parties really picked up a big bargain.

This time, the five capital parties, except for CITIC Capital, are all foreign capital, including two Middle Eastern tycoons. This also means that the Wanda Plaza you will see on the street in the future will be a foreign-funded enterprise.

Is it really just because Wang Jianlin is well-connected? Actually, no, it is mainly due to these two factors, one is that Wang Jianlin is decisive in doing things, and the other is that Wang Jianlin has a long-term vision.

Needless to say, the 2017 debt crisis became a classic case. Wang Jianlin was extremely decisive in selling cultural tourism projects, hotels, department stores, and overseas assets, eliminating Wanda's 200 billion debt at once and successfully resolving the crisis. It is said that at that time, R&F Group temporarily lowered the price, and Wang Jianlin gritted his teeth and endured it, and surviving is the king.

If you look closely, Vanke has been slimming down over the years, Wanda's network technology group has disappeared, and Feifan e-commerce used to be an e-commerce business platform led by Wanda, which changed several CEOs in a row, and finally ended in failure. Wanda's financial business, while still there, seems to have been marginalized.

Wanda Cultural Tourism has also sold out, and there are not a few cultural tourism projects left, and they are almost sold. In order to raise funds, Wanda sold Wanda movies in four installments last year, which is Wanda's cash flow business. Since 2023, Wanda has sold a total of 14 Wanda Plazas.

At present, Wanda only has Wanda Commercial Management, Wanda Sports, Wanda Real Estate, Baby King Business, and some other Wanda Mao, Wanda City, Wanda Town and other projects.

If you want to die or money, Wang Jianlin decisively chose the former. Unlike Xu Jiayin, who was reluctant to sell Evergrande's assets because of the low offer, the debt crisis broke out, and the gods could not be saved.

All real estate tycoons should learn from Wang Jianlin, as long as they stay in the green mountains, they are not afraid of running out of firewood. As long as you can save the company, you have to sell the assets even if it is a low price. The military background is different, and he did not hesitate to attack decisively.

Let's talk about Wang Jianlin's vision, Wanda was able to win the favor of the capital side this time, entirely because of a decision made by Wang Jianlin many years ago. After suffering a debt crisis in 2017, Wang Jianlin made a decision to divest the real estate business.

In Wang Jianlin's view, real estate is a capital-intensive industry, which requires continuous borrowing, unlike commercial plazas, where cash flow is very abundant and there is no need to ask for help.

If Wanda's core business is residential real estate today, it will be difficult for it to obtain large-scale financing, just like real estate companies such as Vanke and Country Garden. I have to say that Wang Jianlin has a very unique vision, just like Li Ka-shing's withdrawal from mainland real estate back then.

At present, among the leading private real estate companies, that is, Vanke and Longhu, there are no thunderstorms, and I don't know how many can survive in the end, and Wang Jianlin is the luckiest one.

However, Wanda is not the Wanda of the year, Wang Jianlin's worth has also plummeted, and in the 2024 Hurun Global Rich List, Wang Jianlin's worth is only 30 billion. Wang Jianlin has also become extremely low-key, he hasn't appeared for a long time, Wanda will not hold the annual meeting, and he will not be seen in the 60 billion signing this time.

The golden age of real estate is over, and the once glorious real estate tycoons take turns to take a curtain call.