Recently, according to the news of the Daily Economic News, the real estate giant Wanda Commercial Management announced a debt thunderstorm. And Wang Jianlin is also seeking to extend the debt with creditors, which means to postpone repayment.
This isn't Wanda's first thunderstorm. Wanda had a thunderstorm 5 years ago, and had to keep surviving, so it sold its own cultural tourism and hotel business, and Sunac and R&F, which bought his cultural tourism and hotel, were also thunderstormed.
Originally, it focused on commercial services, mainly Wanda Plaza business, but unfortunately it encountered three years of epidemic later, coupled with consumption interest rate cuts in recent years, consumption has become the biggest problem in the economy, which also makes Wanda face difficulties. Now, the debt extension this time is only 600 million US dollars, you know, 100 million yuan in seven or eight years, in Wang Jianlin's eyes, it is called a small goal. Now it can be said that a penny is difficult to beat a hero.
And the bigger trouble is yet to come. Because Wanda is also facing the problem of going public. If it can be listed, in fact, many problems can be solved, but now the listing seems to be delayed. According to the ** report, Wanda also signed a VAM agreement with the employer, promising that the shareholder Wanda Commercial Management will be listed in 23 years, otherwise it will pay more than 40 billion yuan in equity repurchase according to the VAM agreement. 40 billion, that's not a small amount.
And in 2023, there is only one month left, just like the classic line of Chinese football, there is not much time left for Wanda. At that time, Evergrande and others also gambled with others and prepared to return to the A-share listing, but the policy changed abruptly, and the A-share developer was no longer allowed to be listed or backdoor, and the crisis finally broke out.
The history of all this seems to be very similar, so Wanda's listing will be the key, let's wait and see.