Mr. Wang's Wanda Group recently faced a crisis in which he had to resolve a VAM and raise money to deal with huge debts. However, the latest news shows that he has successfully changed the ownership of the equity through the **Wanda Film equity, and then obtained a certain amount of funds, but his controlling stake has also decreased significantly. However, to his relief, he successfully dissolved the VAM agreement with Zhuhai Wanda, which gave him more time to prepare for the listing.
Although Wang Jianlin personally has assets of 47 billion yuan, it is still difficult for him to easily solve this gambling crisis. First of all, despite his large personal assets, Wanda Group does not have sufficient liquidity. According to the law, there is no direct connection between the company's debts and the individual shareholders, and Wang Jianlin is not required to use his personal funds to repay the company's debts unless he personally provides a guarantee. Therefore, although his personal assets reached 47 billion, there was no direct connection with Zhuhai Wanda's 30 billion debt. In addition, the $47 billion in assets is not cash, but is calculated based on Wanda Group's equity and valuation, and its actual value may be less than that. Therefore, even if Wang Jianlin is willing to use his personal assets to solve the problem, it will not be easy.
Although judging from Wanda's current net assets, it is feasible to deal with a gambling of 30 billion, but in the short term, assets that are not conducive to the overall ** may lead to worse**. Therefore, in most cases, shareholders are reluctant to easily ** equity, but use pledges and other methods to obtain funds to avoid the negative cycle caused by sell-offs.
For Wang Jianlin of Wanda Group, the current situation shows that the resolution of the crisis is not so easy. Although his personal wealth ranks high on the Hurun Wealth list, reaching 47 billion yuan, he has to seek funding in the face of the company's huge debt**. As a result, he was forced to sell off his best assets to raise capital ahead of the upcoming deadline.
However, the latest news suggests that Wang Jianlin has taken a series of measures to deal with this dilemma. First, he resold his stake in Wanda Films, which allowed him to successfully solve some of his financial problems. Through this shareholding change, the acquirer acquired more than 65% of the equity and became the controlling party. Wang Jianlin's stake has dropped to only 109%。In addition, the VAM agreement with Zhuhai Wanda was also dissolved, which gave him more time and space to prepare for the listing.
Although Wang Jianlin's personal assets may seem huge, in reality, he had to find other ways to resolve the crisis when the company was illiquid. According to the law, the company's debts are separate from the individual shareholders, and Wang Jianlin does not need to use his personal funds to repay the company's debts unless he personally provides a guarantee. Therefore, although he personally has assets of 47 billion yuan, there is no direct connection with Zhuhai Wanda's 30 billion yuan debt. In addition, these assets are not necessarily all cash, they are calculated based on Wanda Group's equity and valuation, and the actual value may be lower than that.
But even judging from Wanda's current net assets, it is not impossible to solve the 30 billion yuan VAM agreement, but the sell-off of assets in the short term may lead to poor performance. As a result, most shareholders are usually reluctant to take equity easily, but instead obtain funds through pledges and other means to avoid the negative impact of the sell-off on the overall market.
Now, Wang Jianlin has successfully terminated the VAM agreement with Zhuhai Wanda, which undoubtedly makes him breathe a sigh of relief. However, this is only one of the many crises he faces. There are many similar VAM agreements that are threatening other founding shareholders who are facing a similar dilemma. It is only when they are stressed that they realize the gravity of these crises.
Through the first equity and the termination of the VAM agreement, Wang Jianlin successfully resolved part of the crisis and alleviated the debt pressure of Wanda Group. Despite the wealth of his personal assets, it does not mean that he can easily cope with this crisis. The liquidity of the company and the personal assets of shareholders are separated, and the debt problem cannot be solved simply by personal assets. In addition, a large-scale asset sell-off in the short term could have a negative impact on the market. Therefore, finding other ways to resolve debt issues, such as staking, is a more common option. For Wang, the successful termination of the VAM agreement with Zhuhai Wanda is an important milestone, but he still has to deal with the challenges of other similar crises. It is necessary to think not only about personal wealth, but also about how to keep the company stable.