Recently, Wanda ushered in a blockbuster good news, and the 38 billion debt risk was temporarily lifted. The reason is that PAG and other investors have re-signed an agreement that allows Wang Jianlin to buy back the investment money and reinvest it after the buyback is completed. The signing of this agreement provides a respite for Wanda Group.
Looking back at the choice and support of investors, we see a large and diversified investment camp. Twenty-two companies, including the Zheng Yutong family, Country Garden, CITIC Capital, Ant and Tencent, are investors in Wanda, including state-owned enterprises and private enterprises, involving real estate, the Internet and other industries. These investors' support for Wang Jianlin and Wanda Commercial Management did not come out of thin air, they all had their own considerations and plans.
First of all, as the founder and leader of Wanda, Wang Jianlin has won the recognition of investors with his persistence and determination. Looking back on the past few years, Wanda has faced a huge debt crisis and negative **, but Wang Jianlin has not wavered, he has always insisted on fulfilling his promise and did not hesitate to take out funds to buy back shares. This year, Wanda even sold all its shares in Wanda Films. This kind of decisiveness and courage makes people full of confidence in Wang Jianlin's value and decision-making ability.
Secondly, Wanda Commercial Management has achieved considerable results in its operation in the past few years. At present, Zhuhai Wanda Commercial Management has managed 494 large-scale commercial centers across the country, and is one of the largest business management companies in the world. The company's expansion has progressed steadily, growing at a rate of approximately 9% per year. Judging from the financial data, since the participation of investors such as PAG, Wanda Commercial Management has exceeded the VAM performance target for three consecutive years, achieving net profits of 5.3 billion, 7.5 billion and 9.5 billion, compared with other real estate companies, Wanda's performance is remarkable.
For investors like PAG, their purpose is to make a profit. Although Wanda Commercial Management failed to go public at the end of this year, investors were still able to obtain good returns through dividends and buybacks. In the long run, as one of the world's largest business management companies, Wanda Commercial Management has huge growth potential and investment value, so investors choose to continue to support Wanda not only out of affection, but also out of confidence in the business potential.
The re-signing of the agreement has helped Wanda resolve its most pressing debt crisis, which is undoubtedly good news. However, at the moment, this is not enough to be called a "major positive". Although Mr. Wang still holds a 40 percent stake, Wanda's 40 percent stake will not be able to withstand their pressure if investors collectively decide against him. The business market has never had affection and pure friendship, and for these discerning people, their behavior is wise and calm.
For Wanda, the road to listing is still difficult. Despite the excellent performance, Wanda Commercial Management still needs to continue to work hard to find new development opportunities. As far as Wang Jianlin is concerned, he is over half a hundred years old, but he is still running around for the operation and listing of Wanda Commercial Management. As an observer, I sincerely hope that Wanda will seize this opportunity and succeed.
In short, the agreement resigned by PAG and other investors undoubtedly lifted Wanda's 38 billion debt risk, giving Wang Jianlin a chance to breathe and save. This shows the recognition and support of investors for Wanda Commercial Management and Wang Jianlin. However, in the business world, there are often complex considerations and intertwined interests behind investors' choices. Only if Wanda Commercial Management can continue to achieve good performance and fulfill its commitments, can it obtain more long-term investment support and recognition.