Recently,WandaThe group is once again under intense pressure, with the rollover of its US$600 million offshore bonds attracting widespread attention. AlthoughWandaThe promise was 100 per cent paid, and the creditors agreed to the rollover, but it was neverthelessWandaThe first public launch period in the bond marketWang JianlinThe "unbroken golden body" is completely broken. In addition,WandaThe listing application of the commercial management is still not approvedWandaNegotiated with investors to postpone the redemption of more than 30 billion yuan of investment funds, but the current negotiations are not smooth. Under great pressureWang JianlinDescribed as thin as a bamboo pole, in stark contrast to his sonWang Sicong。Recently,Wang SicongAppeared in Tai'an City to participate in the signing ceremony with relaxed casual wear. Although some thinkWang SicongThe dress is too casual, but this set of clothes is not cheap, more than 10,000 yuan. So forWang SicongWhether or not the dress code is understood may depend on different points of view. However, too much attentionWang SicongWhether the dress is a bit upside down. InWandaA critical moment in negotiations with creditorsWang SicongSuddenly signed a cultural tourism project worth 3.7 billion, this move must have other meanings. AlthoughWandaDenial withWang Sicongbusiness and at the same time denyWang Sicong** Say, but what kind of "script" does the father and son have ?Let's break them down one by one.
In 2017,WandaFor the first time, the Group is facing a crisisWang JianlinCaught in the "darkest hour". The huge debt problem put Lao Wang under great pressure, and the regulators took action one after another, almost completely blocking itWandaaccess to financing. In the case of "cornered",Wang JianlinOnly ** assets can be used to "save lives". He will have two of the highest quality assets under his umbrellaWandaCultural Tourism City Project andWandaThe hotel was sold to Sunac and R&F for less than 70 billion yuan. Business AnalyticsPeople estimate that in this "deal of the century,Wang JianlinAt least 50 billion were lost. However, in order to survive, Lao Wang could only choose to "survive with a broken arm" and survived the crisis by means of ** assets and debt-to-equity swaps. Since then,WandaSteeringAsset-lightoperating model that makes:Wang JianlinIn the early days of the real estate winter, it was not greatly affected. ConfidentWang Jianlinbegan to re-enter the real estate market and became the "white knight" of many developers. He rescued Jianye one after anotherHu Baosen, Daniel Zhang of Xinyuan, Du Yinwu of Tian Sen and other real estate owners. However, the cold wave in the property market far exceeded all expectations, including:Wang JianlinThe bigwigs did not expect this cold wave to last so long. AlthoughWandaThe rental income of the business management provides it with a good cash flow, but in the face of a bottomless pit in the real estate fieldWandaBusiness management is obviously inadequate. In addition,WandaThe company's own debt is also not optimistic. According to the financial statements, 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. As a result, HKEX refused to approve itWandaIt is also reasonable to go public. After all, inWandaIn the current financial situation, there is a certain risk in the company. If you rashly approve the listing, investors will end up only forWandaPay. However, it is not possible to list forWang Jianlinwill become a sword hanging over the head. Because three years ago,WandaWhen it hit Hong Kong stocks, it signed a VAM agreement with investors. IfWandaUnable to be marketable within three yearsWang JianlinMore than 30 billion yuan will be paid to redeem itWandashares, and pay high interest. ConsideredWandaIn the current financial situation, the more than 30 billion yuan is obviously unaffordable. From the crisis in 2017 to the crisis again in 2023, six years seem to be a cycle. In the face of many difficulties,Wang JianlinThe "white knight" needs to reappear.
AlthoughWandaDeniedWang SicongThe relationship between its Huanju Commercial Management and its own business, but as the most well-known "rich second generation" in China, no one can deny itWang SicongwithWang JianlinThere is a relationship. According to the information released by Tai'an City, the project signed by Tai'an City and Huanju Commercial Management is the cultural tourism and fitness center in Tai'an. The total area of the project reached 3550,000 square meters, with a total value of more than 3.7 billion. It not only has large-scale stadiums and fitness facilities, but also includes catering, entertainment, exhibitions and other formats. In short, it is a large-scale commercial complex with sports at its core, and it naturally needs to be supported by an experienced business management company. However, according to the information of the enterprise check, it showsWang SicongHuanju Business Management has been established for less than five months, which shows its young age. Although the official introduction shows that the projects currently managed by Huanju Commercial Management include Hangzhou Iconcenter Trend Night Market and Qingdao Guanhai International Supermarket, etc., their scale and influence are relatively limited. Therefore,Wang SicongThe Tai'an cultural tourism project worth 3.7 billion has caused many questions. On the one hand,WandaGroup'sWandaCultural tourism has long been to Sunac**,Wang SicongIs it saving the father on the curve?On the other hand, why did Tai'an City choose a newly established Huanju business management?Could it be becauseWang SicongThe influence of identity and background?One way or another,Wang SicongThe appearance of the givesWang JianlinA glimmer of life, tooWandaBrings new opportunities.
Judging by the current situation,WandaThe Group is going through a serious challenge, whileWang SicongThe sudden appearance could be part of a larger script. First of all,Wang SicongHuanju Business Management has not been established for a long time, but it has already received more project cooperation, which may mean that there is strong support behind it. Secondly, inWandaWhen the group fell into a negative ** and financial crisisWang SicongThe appearance is reminiscent of the riddle that "looking at the mountain is not the mountain, and looking at the water is not the water". He could have been a clever game to passWang Sicongto achieve itCapital operation, forWandaBringing new sources of financing and opportunities for cooperation. Finally,Wang SicongMay becomeWandaof ** people. AlthoughWandaDeniedWang Sicong**, but this claim has always existed. AsWandaThe founder and owner of the groupWang JianlinNaturally, they want their business to maintain their family legacy. WhileWang SicongAs the heir of the family, with rich business experience and resources, he may be an ideal person. Either wayCapital operationOr is it a matter of ** people,Wang SicongThe existence is givenWang JianlinNew options and hopes.
In short,WandaThe Group is currently under tremendous pressureWang Jianlin's financial problems and listing woes put him in crisis. Wang SicongThe appearance of gaveWang JianlinThe glimmer of life may be achieved by easily signing a 3.7 billion cultural tourism projectCapital operationand saving the fatherWandaThe original intention. There may be a well-orchestrated script behind this, in which:Wang Sicongrole is crucial. Whether it's saving the father or the ** person,Wang SicongThe existence of all forWandaIt brings new hope and opportunity.