On March 30, Dalian Wanda Commercial Management Group signed an investment agreement with PAG, CITIC Capital, Ares, Abu Dhabi Investment Authority and Mubadala Investment Company to jointly invest approximately RMB60 billion in Dalian Sundar Alliance Commercial Management Co., Ltd.
The investment is likely to have an impact on Wanda's shareholding structure, with Dalian Wanda Commercial Management holding 40% of the shares and PAG and other investors holding 60% of the shares, a change that marks the loss of absolute control of Wang Jianlin and a major adjustment to the shareholding structure of Wanda Group.
The signing of this investment agreement marks a turning point for Wanda Group's development in the field of commercial real estate. Whether Wanda Group has really survived the crisis still needs to observe its subsequent development and performance.
Wanda's debt crisis can be traced back to Wanda's delisting in 2014. At that time, Wanda created the largest IPO on the Hong Kong Stock Exchange, but Hong Kong investors were not optimistic about Wanda, resulting in Wanda breaking on the first day, and then it was even more sluggish.
In 2016, Wanda was delisted and returned to A-shares, but the road back to A-shares was extremely difficult, and Wanda Group confidently promised to return to A-shares before August 31, 2018. However, in the end, Wanda failed to return to A-shares as promised, which caused Wanda to encounter a great crisis.
What we need to understand is that Wanda Group's debt crisis is mainly caused by factors such as its rapid expansion in the commercial real estate sector and fluctuations in the capital market.
In the past few years, Wanda Group has invested heavily in commercial real estate projects and raised funds through borrowing and other means. However, with the changes in the market environment and the increased uncertainty of the economic situation, Wanda Group is facing rising debt pressure.
In addition, Wanda Group's IPO plan has suffered setbacks, which have limited its access to financing. The inability to go public as scheduled may have led to liquidity problems, which in turn have affected its ability to repay its debts.
In order to solve the debt crisis, Wanda Group has taken a series of measures, including selling assets, restructuring its business and seeking external investment. These efforts are aimed at reducing the debt burden, improving liquidity and realigning corporate development strategies.
However, to fully assess Wanda's debt crisis and its impact, there are several factors to consider, such as changes in the market environment, the company's operating conditions, the improvement of its financial position, and its future development strategy. For companies, it usually takes time and effort to solve the debt problem, and at the same time, they need to adapt to market changes and find a sustainable development model.
In the VAM agreement, Wang Jianlin's role and status have changed significantly. He is no longer the absolute controller of Wanda, but more like a high-level worker.
This change may have a certain impact on Wang Jianlin's decision-making and actions. In his new role, he will be able to balance the interests of all parties and contribute to the growth and maximization of the company's interests.
However, this change may also bring more opportunities and innovation to Wanda. The injection of new investors and capital may provide more resources and support for Wanda's development. At the same time, Wang Jianlin can also take advantage of new cooperation opportunities to expand his business territory and lay a solid foundation for the company's long-term development.