Wang Jianlin has an latest news.
Wang Jianlin rarely added a new foreign investment, which attracted attention. Tianyancha APP shows that recently, Zhuhai Wanda Ruichi Enterprise Management Co., Ltd. has undergone industrial and commercial changes, and the original wholly-owned shareholder Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as "Dalian Wanda Commercial Management Group") has withdrawn, and Wang Jianlin has been added as a wholly-owned shareholder. It is worth noting that Wang Jianlin himself has not added any new foreign investment projects for many years, and Zhuhai Wanda Ruichi Enterprise Management Co., Ltd. is currently the only 100% shareholding enterprise under his name.
Not long ago, Wang Jianlin just received a huge amount of financing. At the end of March this year, Dalian Wanda Commercial Management Group signed an investment agreement with PAG Investment Group, Middle East Capital Abu Dhabi Investment Authority, Mubadala Investment Company, CITIC Capital and ARES, under which the five institutions will jointly invest about 60 billion yuan in Dalian Xindameng Commercial Management Co., Ltd., holding a total of 60% of the shares, and Dalian Wanda Commercial Management will hold 40% of the shares.
At present, Wanda's pace of "selling, selling, selling" is still continuing. Recently, Beijing Wanda Plaza Industrial Co., Ltd. underwent industrial and commercial changes, and the original wholly-owned shareholder Dalian Wanda Commercial Management Group withdrew, and the real estate fund established by Xinhua Insurance and CICC Capital took over. It is reported that Beijing Wanda Plaza Industrial Co., Ltd. is the core asset of Wanda Group in Beijing, and Beijing Wanda Plaza Block B is also the headquarters of Wanda Group.
Wang Jianlin suddenly made a move
Tianyancha APP shows that recently, Zhuhai Wanda Ruichi Enterprise Management Co., Ltd. has undergone industrial and commercial changes, and the original wholly-owned shareholder Dalian Wanda Commercial Management Group has withdrawn, and Wang Jianlin has been added as a wholly-owned shareholder. At the same time, Zhang Jing stepped down as the legal representative, executive director and manager, and was replaced by Fu Zhixiao.
According to the data, Zhuhai Wanda Ruichi Enterprise Management Co., Ltd. was established in May 2023 with a registered capital of 50 million yuan, and its business scope includes enterprise management consulting, enterprise management, social and economic consulting services, information consulting services (excluding licensing information consulting services), property management, and non-residential real estate leasing.
It is worth mentioning that Wang Jianlin's affiliated enterprises include Dalian Wanda Commercial Management Group, Dalian Wanda Group Co., Ltd., Dalian Hexing Investment Co., Ltd., etc., and he has not added new foreign investment projects for many years, and Zhuhai Wanda Ruichi Enterprise Management Co., Ltd. is the only 100% shareholding enterprise under his name.
Wang Jianlin's sudden move has aroused great concern from the outside world. Because before that, Wang Jianlin's business strategy has always been "selling, selling, selling", and continue to lose weight and return to blood.
Some analysts pointed out that considering that the counterparty of this new foreign investment is Dalian Wanda Commercial Management Group, it is likely to be an adjustment of Wang Jianlin's business territory.
Recently, Beijing Wanda Plaza Industrial Co., Ltd. (hereinafter referred to as "Beijing Wanda Industrial") has also undergone industrial and commercial changes, and the original wholly-owned shareholder Dalian Wanda Commercial Management Group has withdrawn and taken over by the real estate fund established by Xinhua Insurance and CICC Capital.
It is reported that Beijing Wanda Plaza Industrial Co., Ltd. is the core asset of Wanda Group in Beijing, holding the assets of Beijing Wanda Plaza Block B and Block C. Among them, Beijing Wanda Plaza Block B is also the headquarters of Wanda Group.
60 billion huge financing
Not long ago, Wang Jianlin just received a huge amount of financing. Some analysts speculate that the recent intensive actions of Dalian Wanda Commercial Management Group may have something to do with this huge financing.
At the end of March this year, Dalian Wanda Commercial Management Group announced that it had signed investment agreements with PAG Investment Group, Middle East Capital Abu Dhabi Investment Authority, Mubadala Investment Company, CITIC Capital and ARES.
According to the agreement, the above five institutions will jointly inject about 60 billion yuan into Dalian Xindameng Commercial Management Co., Ltd. (hereinafter referred to as "Dalian Xindameng Commercial Management"), holding a total of 60% of the shares, and Dalian Wanda Commercial Management will hold 40% of the shares.
Tianyancha APP shows that before the completion of this huge investment, the two shareholders of Dalian Xindameng Commercial Management were Dalian Wanda Commercial Management and Dalian Wanyu Enterprise Management Co., Ltd., with shareholding ratios of 99.9938% and 0.0062% respectively.
According to this investment estimate, the valuation of Dalian Xindameng Commercial Management is about 100 billion yuan. As a new asset-light asset management platform for Wanda Group's commercial management sector, investors have high hopes for it.
According to the data, Dalian Xindameng Commercial Management Co., Ltd. was established on January 12, 2024, with Xiao Guangrui as the legal representative and a registered capital of 16.2 billion yuan. The company is a newly established holding company, and its subsidiary is Zhuhai Wanda Commercial Management, which is a commercial plaza operation and management platform, currently managing 496 large-scale commercial plazas.
On December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of an investment framework agreement to restructure the equity of Zhuhai Wanda Commercial Management. According to the agreement, Dalian Wanda Commercial Management holds 40% of the shares, and PAG and other investors hold 60% of the shares. This investment is the implementation of the specific content of the investment agreement on December 12, which will further optimize the company's independent corporate governance, more effectively motivate the management team, improve operating capabilities and growth potential, give full play to the industry-leading effect of Sundar Alliance in the commercial plaza operation and management market, and ensure its long-term development.
"Sell, sell, sell" does not stop
At present, Wanda's pace of "selling, selling, selling" is still continuing.
In addition to the above-mentioned Wanda Plazas corresponding to Beijing Wanda Industrial, Wanda has sold a total of 11 self-owned Wanda Plazas since 2023 and withdrawn from the light asset management of 4 Wanda Plazas.
Wanda Group's recent asset transfer, in addition to continuing to deleverage and increasing asset security, is also to accelerate the asset-light strategy that Wanda Group has adhered to in recent years through practical actions. As early as 2015, Wang Jianlin proposed a transformation strategy to an asset-light development model within the group.
The asset-light model, that is, Wanda does not provide funds for the construction of Wanda Plaza, but is only responsible for exporting the brand, assisting in design, construction, investment and management, and the rental income generated by Wanda and the investor are shared in a certain proportion.
From the perspective of Wanda's long-term plan to transform to asset-light, reducing asset-heavy projects may be an ongoing process, Wanda manages nearly 500 Wanda Plazas, and the current ratio of sales and exits is still within the normal range.
For the Wanda Plaza and hotels sold, Wanda will continue to manage them and retain the Wanda brand. This is also in line with Wanda's ongoing asset-light strategic goals.
It is worth mentioning that not only Wanda Plaza, but also Wanda Group is gradually withdrawing from hotels and movies.
On April 16, Wanda Film announced that Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as "Wanda Culture Group") and Wang Jianlin transferred 20% and 1.2% of the shares of Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Wanda Investment") respectively, and completed the industrial and commercial change registration procedures.
The transferee of the above shares is Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as "Ruyi Investment"). Together with the shares previously transferred, the "Ruyi Department" holds 100% of the shares of Wanda Investment.
Since Wanda Investment is the controlling shareholder of Wanda Film, the "Confucian Department" indirectly controls Wanda Film. Ke Liming, the actual controller of the "Confucian Department", replaced Wang Jianlin as the actual controller of Wanda Film through the above methods.
Editor-in-charge: Wang Lulu
Proofreader: Yao Yuan