WandaThe group has recently faced tremendous pressure, and the extension of a US$600 million offshore debt has become the focus of the first place. However, unlike the thunderstorms of other developers,WandaThe debt was promised to be repaid in instalments within one year, and the creditors agreed. However, this rollover is for:WandaIt is the first time it has been made public, and it also marks itWang JianlinThe end of the era of "unbroken golden body". In addition,WandaThe listing application of commercial management has not yet been approved, in order to postpone the redemption of more than 30 billion yuan of investment fundsWandaDiscussions are underway with investors, but negotiations are not going well. Due to all kinds of pressures,Wang JianlinSkinny and in stark contrast to him is his sonWang Sicong。Recently,Wang SicongAppearing in Tai'an City to participate in the signing ceremony, he looked relaxed in casual clothes. Although some thinkWang SicongThe dress is too casual, but in fact the clothes he wears are not cheap, a setBlouseThe ** exceeded 10,000 yuan. For those who can't readWang SicongPeople who wear it, they may not have reached that level, and people have different opinions about this point of view. However, too much attentionWang SicongThe dress is undoubtedly putting the cart before the horse. InWandaA critical moment in negotiations with creditorsWang Sicongsuddenly appeared and signed a 3.7 billion cultural tourism project with Tai'an City, which obviously has other implications. However,WandaAnd does not admit withWang Sicongand denied the rumors about "**." So, what kind of plan do Wang's father and son have?We will analyze this issue in detail below.
The crisis this time isWandaThe group faced again after six years. In 2017,WandaFor the first time, the group was on the verge of collapseWang Jianlincaught in his own "darkest hour". Faced with a huge debt of more than 400 billion yuan,Wang JianlinUnder tremendous pressure, and the regulators are rightWandaShot, almost completely blockedWandaaccess to financing. In the midst of "cornered".Wang Jianlincan only "continue his life" through ** assets, and he puts almost the best quality assets in his name-WandaCultural Tourism City Project andWandaThe hotel was given to Sunac Real Estate and R&F Real Estate for less than 70 billion yuan. It has been estimated that in this "deal of the century,Wang JianlinAt least 500 were lostSmall goals, but in order to survive, he had to grit his teeth and survive the crisis in various ways, such as ** assets and debt-to-equity swaps. Since then,WandaTurn toAsset-lightmode of operation, make:Wang JianlinThe early stages of the ensuing real estate chill were not greatly affected. Full of confidenceWang Jianlinbegan to return to the real estate market, frequently acquired real estate companies, and became the "white knight" of many developers, including JianyeHu Baosen, Daniel Zhang of Xinyuan and Du Yinwu of Tian Sen. However, the property chill far exceeded all expectations, including:Wang JianlinSuch a big guy, I'm afraid he didn't expect the cold wave to last so long. AlthoughWandaThe rental income of business management can provide good cash flow, but in the face of the bottomless pit of the real estate industryWandaBusiness management is obviously inadequate. In addition,WandaIt's not easy for businesses to manage their own debts. According to the financial report data, as of the first half of this year,WandaThe cash flow of the business management is only 1469.2 billion yuan, while the one-year debt is as high as 2925.7 billion yuan. Therefore, HKEX does not approve itWandaThe listing application is also expected, after all, there is a certain risk in the company's financial situation, and if it is rashly approved for listing, it will only be artificially approved by investors in the endWandaPay. However, forWang JianlinThe inability to go public has undoubtedly become a sharp sword hanging over the head. Because 3 years ago,WandaWhen hitting Hong Kong stocks,Wang JianlinA VAM agreement was signed with the investor. IfWandaUnable to successfully go public within 3 yearsWang JianlinMore than 30 billion yuan needs to be paid for redemptionWandashares, and pay a substantial amount of interest. ConsideredWandaThe current financial situation is obviously unable to come up with more than 30 billion yuan. From the crisis in 2017 to the crisis again in 2023, it has taken 6 yearsWang JianlinThere is an urgent need for the "White Knight" to make another appearance.
AlthoughWandaDenial withWang SicongThe management of Huanju Business has any connection, but as the most well-known "rich second generation" in China,Wang SicongbehindWang JianlinNo one can ignore the shadows. According to the public information of Tai'an City, the project signed by Tai'an ** and Huanju Commercial Management is a cultural tourism and fitness center in Tai'an. The total area of the center reaches 3550,000 square meters, with a total value of more than 3.7 billion yuan, including not only large gymnasiums and fitness facilities, but also catering, entertainment, exhibition and other formats. To put it simply, this is a comprehensive cultural and sports project, with:WandaThe business areas of business management are similar. At the same time, the project also carries the focus of Tai'an City, hoping to improve the development level of cultural tourism in Tai'an City through the introduction of the management experience of Huanju Business Management.
Wang SicongThe signing of this appearance undoubtedly givesWandaA chance to "save the father with a curve". AsWang Jianlin's only son,Wang SicongIt has huge advantages in terms of economic power, influence and resources. WandaThe Group is facing the issue of overseas debt extension and commercial management listingWang Sicongis undoubtedly a father's distress. Therefore,Wang SicongBeing present to sign the contract in person is a gesture of goodwill, both as a sign of family unity and as a message to creditors and regulators: "We."WandaIt is a strong enterprise, and we have the strength to deal with the crisis. This also explains whyWandaIn the signing announcement, it was clearly emphasized that it has no connection with Huanju Commercial Management, and they hope to sign this contract as a companyWandaCorrect the name, highlightWang SicongwithWandaStratification of the group. At the same time, Tai'an City** also took a fancy to itWang SicongThe strength behind the family hopes to promote the development of cultural tourism in Tai'an City through the cooperation with Huanju Business Management and achieve mutual benefit and win-win results.
There's no denying thatWang SicongAs a representative of China's rich second generation, it has huge resources and influence. Although he is no longer thereWandaof the actual controller, but with its family background andFamily-owned businessThe influence is undoubtedly on him personallyBusinessThe layout played a key role in driving it. Wang Sicongis not only a capitalist, but also an important figure in the entertainment industry. Through his own company, Beijing Pulse Investment, he has invested in a number of excellent film and television works, such as "I Am Not the God of Medicine" and "The Wandering Earth", and has achieved good resultsBusinessachievements, but also accumulated a lot of popularity and influence for themselves. At the same time, he also has a certain influence in the Internet field, and has invested in many Internet companies, such as the e-sports club RNG and the short ** platform Jiayi. From these aspects,Wang SicongInBusinessThe layout on is already beginning to appear.
However,Wang SicongofBusinessThe layout has not been smooth sailing, and he has experienced some setbacks. The most notable example is the listing of his live streaming platform Bilibili (Bilibili). Wang SicongIt is the second largest shareholder of Station B and an important promoter of Station B. However, when Station B plans to be listed in the United States,Wang SicongFaced with great embarrassment. Due to his personal reasons, the listing plan was greatly resisted, and he finally had to choose to list in Hong Kong. Despite the success of Station B's listing in Hong Kong, butWang Sicongalso paid the corresponding price, his shareholding ratio of station B decreased significantly, and he lost control of station B since then. This event is not only rightWang SicongPersonalBusinessThe layout creates a hindrance, but it also serves as a wake-up call for other entrepreneurs to realize that they are thereBusinessIn the layout, it is necessary to pay attention to the combination of policies and risks. Therefore,Wang SicongAlthough there is a capital background andFamily-owned businessinfluence, but not omnipotent, hisBusinessThe layout needs to be handled with care.
In general,Wang JianlinwithWang SicongofBusinessThe layout and action, no doubt rightWandaThe future development of the group has a certain impact. Wang JianlinYesWang Sicongto cope with the current dilemma, whileWang SicongYou need to helpWandaand the resources behind it to propel themselvesBusinessLayout. The cooperation between them is a win-win option and a sign of family unity. However, in the face of the attention and expectations of the outside world,Wang JianlinwithWang SicongCare also needs to be taken to avoid focusing too much on the image of the individual and family and neglecting itWandaThe overall development of the Group. Only by making a breakthrough in the overall development can we truly make a differenceWang JianlinwithWang SicongOpens up a broader expanseBusinessSpace.