Recently, Wanda Film issued an announcement announcing that it would sell 51% of its shares to Beijing Ruyi Pictures. It stands to reason that the film market is improving this year, and the box office is expected to reach a new high.
Judging from public information, Wanda announced a few days ago that it would extend its term with creditors for $500 million, which seems to be indeed a debt thunderstorm. Therefore, Wanda is not only selling film companies, but also preparing to sell a lot of third-tier Wanda commercial shares to solve its own financial problems.
It stands to reason that Wanda, as an enterprise that has already experienced a thunderstorm in the capital chain, would not be so careless and fall twice in the same place. During the previous thunderstorm, Wanda also survived with a broken arm and sold its cultural tourism industry and hotel business. The receivers were Sunac and R&F, and as a result, these two receivers successfully put themselves in, and they are also in debt.
This time, it is very likely that Wanda Commercial and the investor have signed a VAM agreement, which is to complete the listing by the end of 2023. At present, there are only 20 days left before the end of 2023, and the listing is far away, and it may face huge compensation, so at this time, the only way to continue to survive and sell assets to return to blood.
I found that many companies are actually full of gambling in the process of development, which is the gene of their success and the root of their failure. In fact, Sunac is the same, Sun Hongbin's Shunchi back then also took a big step and fell, and later founded Sunac, in fact, he will not learn a lesson, but repeat the previous story.
However, the entire real estate market and the macro economy are now facing a paradigm shift, which means that the experience of the past few decades may not be applicable to the future at all.