Wang Jianlin's most unsuccessful decision: commercial real estate should not be ** in 2022.
Recently, Wang Jianlin had to give his "own son" Wanda Pictures to ** because of his debts, although he once had Wanda's shares because of financial constraints, but in the end it fell into Wang Jianlin's hands, Wang Jianlin's last straw was his last straw. However, due to too many debts and inability to pay them, Wang Jianlin had no choice but to make the decision of "breaking the wrist of a strong man" again, and ** Wanda Pictures, which was once regarded as a "non-sale".
Wanda Pictures announced on December 6 that Wang Jianlin, a company directly controlled by Beijing Wanda Culture Industry Co., Ltd., plans to jointly control 51% of the company's shares with Shanghai Ruyi Investment Management, Shanghai Ruyi Investment Management. As of December 6, Wanda Film and Television's ** is only 1245 yuan, falling to the lowest point in eight years.
Why is Wanda Pictures called Wang Jianlin's "fist product"?As of September 30, 2022, the company has a total of 877 theaters, 7,338 theaters, 709 theaters, 6,159 screens, 168 asset-light theaters, 1,179 screens, and a cumulative market share of 16 in the first three quarters5%。It can be said that Wanda's films, to a certain extent, can determine the box office of a film. Feng Xiaogang's "I Am Not Pan Jinlian", there are very few films scheduled by Wanda, because Feng Xiaogang originally had a grudge against Wanda, and after a quarrel with Wang Sicong, Wanda stepped down, making Huayi Brothers and Feng Xiaogang suffer a big loss.
Wang Jianlin is in need of funds recently, and he bets that Wanda Group will obtain more than 30 billion yuan in funds in the next two years. Not only do you have to buy it back, but you also have to charge interest. The Wanda in Wang Jianlin's hands is only 14.6 billion in total, and it is almost impossible to get together this fund, so he must sell all his assets. Tencent and JD.com invested 34 billion yuan to buy a 14% stake in Wanda Group. In the same year, Ali won with 46800 million yuan to acquire a stake in Wanda Pictures;In 2019, Greenland Group won by 271.8 billion ** acquired Wanda Company's 900 million million Best Life Insurance**;Subsequently, 37 department stores under Wanda Department Store were also acquired by Suning.
Could it be that Wang Jianlin's decision was wrong?This is also Wang Jianlin's too confident, he thinks that Wanda Commercial Management Company will definitely be listed by the end of 2022, so it will fail. Therefore, until this year, Wang Jianlin is still spending money to buy land, which is also Wang Jianlin's biggest failure.
In January this year, Wanda won the unfinished project in Huludao at a low priceIn February, it completely took over Shanxi Tiansenhui Xinzhou;In March, it took over Ganzhou Juyi Shopping Mall and Yangzhou Huamao Shopping Mall;In April, he also acquired Jianye, which bought the sale of real estate. In the first half of this year, Wanda won another unfinished real estate project in Hefei;In August, it acquired some shares of Zhongrong Trust;In September, it took over five Oaks buildings, among others.
Wang Jianlin spent more than 10 billion yuan in the real estate market, consuming all of Wanda's assets. Although many of the projects taken over by Wanda quickly realized profits, under the pressure of huge debts, Wang Jianlin had to sell Wanda Pictures**. The biggest mistake Wang Jianlin made: you shouldn't buy a property in 2022!What do you think about this?You can communicate in the comment area.