From: rhetoric to plea for creditors:Wang JianlinThe anguish of walking in a struggle to seek a moratorium on debt repayment.
Wang Jianlin, as ChinaThe richest man, has experienced the ups and downs of wealth and the ups and downs of wealth in the past few years. When he released the bold statement of "earn 100 million first", he may not have thought that one day he would be distressed by debt. According to the message,WandaIn 2014, the company issued a $600 million debt that was due in January. Recently, howeverWandaHowever, the commercial management said that it was unable to repay the debt, and implored the creditors to agree to postpone the repayment of the debt. Fortunately, according to the latest announcement, 993% of creditors have agreed to a "moratorium". The debt will be deferred until December 29, 2024WandaThe company plans to pay off the debt in four installments over the next year. For today's onesWang JianlinBeing able to settle the $600 million debt was exhausting all his might. However,Wang JianlinHe faces a much larger debt, up to $30 billion, and has only one month left before the repayment date.
So, how did this huge debt come about?Back in 2016, at that timeWang JianlinOr ChinaThe richest manWandaUnder his leadership, the group has been listed on the Hong Kong stock market for two years, but its performance has been unsatisfactory. In this regard,Wang JianlinFeeling dissatisfied, he chose to delist. However, coinciding with the policy changes in the domestic real estate industry, a number of highLeverageHousing companies have fallen one after anotherWandawas not spared, and fell into a "cold winter moment". AlthoughWang JianlinTake decisive measures willWandaRescued from the predicament, but the losses are still heavy. After the initial passage of the crisis,Wang JianlinIt was decided to "complete the reorganization".WandaCommercial management has hit Hong Kong stocks again. However, as a world-renowned investment market, Hong Kong stocks naturally have their own temper. In addition, the US dollar has continued to raise interest rates in recent years, and Hong Kong stocks are not confident to undertake such a behemoth with a market value of 180 billion. So, in just two years,Wang JianlinThe three impact IPOs all ended in failure, and under the pressure, the once rich state was fullWang JianlinThin and emaciated, it is no longer the image of infinite scenery that it once was.
Recently,Wang SicongRare appearance, as the chairman of Beijing Huanju Commercial Management Co., Ltd. attendedTarzanThe signing ceremony of the cultural tourism project has aroused heated discussions in the outside world. Someone sighed: "Unruly."Wang Sicong, finally going to take overFamily-owned businessIs it?"This issue is a cause for concern. Wang SicongAsWang Jianlin's only son, gathered a lot of controversy. And now, he is back in the public eye, sparking endless speculation. For the once glorious father and son of the Wang family, can they create a miracle againWang JianlinofWandaBusiness management is back to the peak, and people are waiting to see.
At the time of change in the real estate industry, the bigwigs are looking for a new way outWang Jianlinis still immersed in the "old dream" of real estate and does not want to wake up. Once, in order to helpWandaThe business management was successfully listedWang JianlinIt has successively introduced 22 war investment institutions such as Tencent and Country Garden, and raised 30 billion yuan. In order to make investors more confident,Wang JianlinEven at the expense of signingVAM Agreements, promised if by the end of 2023WandaIf the business management is unable to complete the listing, it will repurchase all the shares of the investor and pay the corresponding amountInterest。However, for now,Wang JianlinThe prospect of four IPOs is not optimisticWandaThe commercial management previously requested the investor to agree to the extensionVAM Agreements, but was refused.
Right nowWang JianlinIn the midst of a bigger crisis than 2017, the only thing he can take comfort in may be recentlyNo more silencesonWang Sicong。Not long ago,Wang SicongAs the chairman of Beijing Huanju Commercial Management Company, he appeared in the public eye, causing heated discussions in the outside world. Does his appearance mean that the Wang family father and son are about to create a new miracle?Let's wait and see.
Wang Jianlin, as ChinaThe richest man, once had unlimited scenery, however, in the past few years, he has suffered a wealth and debt crisis. Now, in order to solve a debt of up to 30 billion, he has gone through a difficult process of deferring debt repayment, and is facing an even greater dilemma. However, at this critical juncture, the sonWang Sicong's presence gave him a glimmer of hope. Whether miracles can be created again in the future can only be verified by time. But anyway,Wang JianlinHe is not only a successful entrepreneur, but also a tenacious person. His story teaches us that success is not easy, and everyone faces setbacks and difficulties, but the key is to persevere and find a new way out.