Recently, A-share listed companiesWanda FilmsA suspension announcement was issued, and the content of the announcement showedWandaInvestmentsIt intends to transfer 51% of its equity to Shanghai Ruyi. Since Shanghai Ruyi has been purchased in July this yearWandaInvestmentsof 49% equity, this equity transfer means:Wang JianlinSold all the shares to Shanghai Ruyi, which also becameWanda Filmscontrolling shareholder. However,Wang JianlinNot fully withdrawnWanda Films, through the Shen County Rongzhi Xingye Management Consulting Center held 1021% of the shares, he still isWanda FilmsThe second largest shareholder.
This timeWandaInvestmentsThe change of ownership means:Wang JianlinGave upWanda Filmsand sold it to Shanghai Ruyi. Wang JianlinThe reason for such a decision may be related to:WandaThe group's current predicament is related. WandaThe group has always beenAsset-lightOperation-oriented, but it has not been able to avoid the impact of the real estate winter, and insufficient cash flow may lead toDebtCrisis. WandaBusiness management asWandaThe core enterprise of the group is facing a huge amount of moneyDebtPressure. Currently,WandaThe total amount of onshore bonds under commercial management reached 690.2 billion yuan, and the total amount of overseas US dollar bonds was 1.3 billion US dollars, adding up to nearly 9.3 billion yuan. The short-term debt is as high as 66.2 billion yuan, while the monetary fund is only 13.3 billion yuan, and the pressure of short-term debt repayment can be said to be huge. In addition,Wang JianlinIt is also necessary to face the "VAM agreement" signed before, ifWandaIf the business management cannot complete the IPO in 2023, he needs to buy back the ** in the hands of the war pitchers and pay up to 8% interest. With less than a month left in 2023, it will undoubtedly be very difficult to achieve the goal. Faced with such a situation,Wang Jianlincan only cut love, frequently ** important assets.
In the process of cutting love,WandaThe group continues to ** withWanda Filmsassets related to access more liquidity. In addition to the previously mentioned equity transfer,WandaInvestmentsAlso on July 10 will be partialWanda FilmsTransfer of sharesTo Oriental Fortune, the transaction amount was 21700 million yuan. In addition,WandaIt also actively negotiates with creditorsDebtThe repayment has been deferred, and a recent extension of the US dollar bond has been agreed by the vast majority of creditors. These measures have been mitigated to some extentWandacash flow pressure, but forWandaFor the Group, it is still facing significant cash repayment pressure.
For reliefWandaGroup's cash flow pressures,Wang Jianlinhad to constantly ** important assets. In addition to the transfer of equity, he will:Wanda FilmsofTransfer of sharesGave the wealth of the East. At the same time, in order to extendDebtThe return period,WandaIt is also actively engaged in consultations with creditors. Recently,WandaThe extension plan of a US dollar bond of the commercial management has also been agreed by the vast majority of creditors. These initiatives are for:WandaA certain amount of cash was providedLiquidityto make it copeDebtReimbursement and day-to-day business needs. However, even now the pressure has lessenedWandaSerious challenges remain. Resolved, so to speakWandaThe group's predicament, in addition to ** assets andDebtOutside of the exhibition period, more efforts and innovation are needed.
InWandaWhen the group was in troubleWang SicongAs the top rich second generation, he also joined the rescueWandaof the ranks. Recently, as the chairman of Beijing Huanju Business Management, he signed a cooperation agreement with Tai'an Urban Investment Company on the Taishan Cultural Tourism and Fitness Center project. This cooperation aroused the secretary of the Tai'an Municipal Party CommitteeYang HongtaoIt can be seen that Tai'an attaches great importance to the project. It is also rare for the outside world to see it on such a formal occasionWang Sicongfigure.
Wang SicongAsWang Jianlinson, his joining gaveWandaA glimmer of hope for the group. Recently, in his capacity as the chairman of Beijing Huanju Business Management, he signed a cooperation agreement with Tai'an Urban Investment Company on the Taishan Cultural Tourism and Fitness Center project, which caused the secretary of the Tai'an Municipal Party CommitteeYang Hongtaoof attention. It is also rare for the outside world to see it on such a formal occasionWang Sicongfigure. Wang SicongThe addition is undoubtedly forWandaThe group has been injected with new hope, and his resources and influence may be rightWandaThe development of the group plays a positive role.
To sum it up,Wanda FilmsChange of control of shareholdersWang JianlinHe sold his stake to Shanghai Ruyi, causing him to lose control of the shares. This may be because:WandaThe Group is currently facing a cash flow deficit andDebtThe dilemma of the crisis. In order to solve the cash flow problem and repaymentDebtWang JianlinFrequently ** important assets. In this dilemma,Wang SicongJoined the rescue as a top rich second generationWandaof the ranks, givedWandaA glimmer of hope for the group. StillWandaThe Group still faces enormous challenges and needs to continue to innovate to solve them.