Produced by Flower Finance Observation
Editor丨Duozi
There are still 18 days left in the deadline, and Wanda Commercial Management's New Year's Day listing is obviously impossible, and when this storm is in full swing, Wanda finally announced that PAG Investment Group and Wanda signed a new investment agreement.
PAG is the largest investor in the 38 billion VAM agreement, and originally invested 18 billion yuan. Now PAG has agreed to work with other investors to reinvest in Wanda after the redemption period expires and terminate the VAM agreement.
This is equivalent to removing the noose around Wanda's neck. But as far as Wang Jianlin is concerned, the price paid is heavy - in order to renew Wanda's life, Wang Jianlin's shareholding in Wanda Commercial Management has plummeted to 40%, although it is still the single largest shareholder, but the shareholding ratio of the capital alliance has risen to 60%, which means that Wanda is no longer surnamed Wang.
Wanda is no longer surnamed Wang, at least for the time being, the management cannot be monolithic forever, whether Wang Jianlin can regain control of Wanda or even absolute control in the future, that may be another war for Lao Wang in the future. Of course, there is also a possibility that after nearly 20 years of thrilling capital markets, from the listing of Hong Kong stocks, to dissatisfaction with the valuation of Hong Kong stocks at the expense of doubling the premium and privatization back to A, and then to exhausting and tired of various pits, including policy pits and decision-making pits, it is impossible to return to A
Maybe not, in that case, the future Wanda will no longer have the surname Wang at all.
sold the equity of Wanda Film held by Wanda Culture 4 times a year, until recently it was completely sold to Tencent, which was equivalent to a broken leg for Wanda Group, which walked on two legs in culture and business management, and now gave up the control of Wanda Commercial Management to capital, if it was not forced to the edge of the cliff, Lao Wang would not have made this is tantamount to drinking water to quench his thirst.
By the way, when Wanda Commercial Management introduced new investors in 2021, Zhuhai State-owned Assets Supervision and Administration Commission and Country Garden were the vanguard in various press releases, but since yesterday, "PAG Investment" has swiped the screen in all ** channels, which really blinded the people who eat melons.
You hid it well at the beginning, but now you can't hide it, huh
The following is from ——
PAG is a leading private equity firm focused on the Asia Pacific region, with investment strategies in the Credit & Markets, Private Equity and Real Estate sectors. PAG has 293 investment professionals in 12 major offices around the world and currently manages approximately $50 billion in assets for global institutional** investors.
PAG is one of the signatories of the United Nations-backed Principles for Responsible Investment ("PRI").
Some voices believe that Wang Jianlin did not get greater support from state-owned assets and investment institutions such as Tencent and Ant, so he went to find the support of a simple ** management agency.
* thought that the ** management agency is simple enough, simply to maximize interests, until today it is close to realizing the actual control of Wanda Commercial Management.
PAG's Shan Weijian has achieved absolute control over several of its domestic investments, such as Zhenai and Bikang Pharmaceutical. At present, on paper, it is true that PAG has not yet obtained absolute control of Wanda Commercial Management, but when it comes down to various news, other capital seems to be looking forward to PAG.
There are two kinds of barbarians, one is the one who hits the door with an axe from the beginning, and the other is the one who holds fresh meat and wild monsters in his hand and offers you just to get in the first place, and then bite you at the critical moment.
The latter is far more terrible than the former, because the latter is a chronic poison. Successful business people, such as Wang Jianlin, are often willing to swallow even if they know that it is a chronic poison, because they have super confidence in themselves, thinking that as long as there is a buffer period, they can achieve the set goals.
As everyone knows, Murphy's Law is the easiest to attack in the case of "taking a step back", the world is unpredictable, and it often fails people's wishes, no matter how powerful the business empire is, no matter how successful the generation of heroes, the same.
Article**: Flower Finance Observation).
This article is based on publicly available information and is for information purposes only and does not constitute any investment advice.