Text: Zhang Zhifeng, Editor: Ma Yuanyuan) After Wang Jianlin passed the 38 billion yuan VAM crisis at the cost of part of the equity, Wanda continued to sell its assets to supplement cash flow.
On December 26, market sources said that Wanda had recently successfully ** the assets of Shanghai Wanda Ruihua Hotel.
Tianyancha shows that Shanghai Wanda Hotel Investment, a subsidiary of Ruihua Hotel, changed its equity on December 22, from the original 100% holding of Dalian Wanda Commercial Management Group to 100% holding of Beijing Yinglang Commercial Management. The original investment method of the company where the hotel is located, 1332.7 billion yuan of creditor's rights and 50 million yuan of currency also changed simultaneously.
However, people familiar with the matter said that after the ** incident, Ruihua Hotel will continue to be managed by Wanda and retain the Wanda brand.
According to the news, the takeover party is backed by Singapore's Golden Eagle Group, which is a comprehensive group of manufacturing enterprises and clean energy enterprises based on the development of renewable resources. It fully recognizes Wanda Hotel Management Company, and does not rule out entrusting its own other domestic and foreign hotels to Wanda for management in the future.
According to public information, Singapore's RGE Group was founded in 1967 by Tanoto Chen, a Chinese businessman born in Indonesia and whose ancestral home is Putian, Fujian. According to the "2022 Indonesian Rich List" released by Forbes, Tanoto ranks 18th on the list with a wealth of $2.9 billion.
Tanoto and the Golden Eagle Group led by Tanoto entered the Chinese market in the 90s of the 20th century. For more than 20 years, RGE has been involved in forest pulp and paper, palm oil, specialty dissolved wood pulp and cellulosic fiber, energy development and other sectors.
In recent years, it has continued to increase investment in China, Tanoto said in an interview that the company's cumulative investment in China has exceeded 90 billion yuan, and will increase investment in the future.
In fact, for Wanda, Ruihua Hotel was originally one of the most important assets in the process of implementing the asset-light management strategy in recent years. As early as May this year, the asset's ** plan has been revealed.
The Ruihua Hotel is also one of Wanda's iconic hotels in Shanghai.
According to a report, on April 23, 2014, Wang Jianlin visited the Wanda Ruihua Hotel in Shanghai to inspect the hotel's model room. After the inspection, Wang Jianlin affirmed the overall design style of the hotel, and put forward specific requirements and rectification opinions on the decoration effect and on-site construction, and proposed that "Wanda Reign Hotel Shanghai should be meticulously crafted, keep improving, and strive to build a world-class high-quality hotel and become a model in the hotel industry".
In 2016, Wanda Reign Hotel Shanghai officially launched its trial operation. The total construction area of the hotel is 360,000 square meters, a total of 193 guest rooms, with 720 square meters of pillarless banquet hall, wine and cigar bar, spa, time and space KTV and other supporting equipment. Wanda's official website describes Wanda Reign Shanghai as "a high-end hotel created by Wanda Hotel Construction Company".
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