Wanda Commercial Management divested nearly 10 billion real estate assets a year, leaving only the Chicago project for overseas properties.

Over the past year or so, Wang Jianlin has divested 9.8365438 billion yuan of real estate assets from Dalian Wanda Commercial Management Group.

According to the semi-annual report of 20 19 disclosed by Wanda Commercial Management, from May 20 18 to June 30, 20 19, Wanda Commercial Management transferred 25 real estate companies to Wanda Real Estate Group with a total amount of about 9.8365438 billion yuan. Among them, 20 11company was transferred in the first half of September, the equity disposal price was 3.233 billion yuan, and the net cash received from the project equity was16.55 million yuan.

Specifically, from 2065438 to May 2008, Wanda Commercial Management transferred Jiujiang wanda plaza Investment Co., Ltd. and other four companies to Wanda Real Estate Group at a price of 6.597 billion yuan. 20 1910.4 19 All the shares of four companies including Leshan wanda plaza Investment Co., Ltd. were transferred to Wanda Real Estate Group at a consideration of 480 million yuan. On June 5th, all the shares of six companies including Xiangtan wanda plaza Investment Co., Ltd. were transferred at a price of 2.74 billion yuan. The latest transaction was on June 27th, when Beijing Jingzang Healthy Real Estate Co., Ltd. was transferred to Wanda Real Estate Group at the price of13.29 million yuan.

According to the financial report data of Wanda Commercial Management Co., Ltd. in the first half of 20 19, as of June 30, the total assets of the company were 604.585 billion yuan, the operating income was 33.048 billion yuan, the operating profit was13.052 billion yuan, and the net profit was100/0/800 million yuan, which was attributed to the parent company. Cash paid for debt repayment is 8,665.438 billion yuan, short-term loans are 6,543.806 billion yuan, non-current liabilities due within one year are 3,565.438 billion yuan, total liabilities are 336.4 billion yuan, asset-liability ratio is 55.65%, and cash and cash equivalents are 5,624.38 billion yuan.

In Wang Jianlin's eyes, Wanda's business management is Wanda's core industry and core cash flow, and its biggest asset is investment real estate-wanda plaza. According to Wanda Commercial Management's plan, it is estimated that 50 wanda plaza will be opened every year, and about 70% of the newly opened wanda plaza will be light assets.

2065438+2008 10, 65438+2008, Wang Jianlin introduced 34 billion yuan of strategic investment to Wanda Commercial, which had not been renamed Wanda Commercial Management at that time, and signed a gambling agreement with investors. According to the agreement, Wanda Commercial will be listed before June 3, 20231at the latest. At the same time, after the introduction of new strategic investors, Wanda Commercial was renamed Wanda Commercial Management Group, which will digest the real estate business within 1 to 2 years. Wanda Commercial Management will no longer develop real estate in the future and become a purely commercial management and operation enterprise. All parties will promote Wanda Commercial Management Group to go public as soon as possible.

In the semi-annual report, Wanda Commercial Management also stressed that the company is no longer engaged in new real estate development and sales business (except self-sustaining commercial property development), and only digests stock projects.

It is worth mentioning that the semi-annual report of Wanda Commercial Management revealed that Wanda's only overseas property asset, the Chicago project, has not yet been sold.

According to the data, the Chicago project started in August 2065438+2006 and is expected to be completed in August 2020, with an estimated total investment of 7 1 1 billion USD. As of June 30th, the development cost of Chicago project has invested 2,745,438+0 billion yuan.

According to the data, the project is called Wanda Wenhua Tower, with a planned total construction area of about 1.76 million square meters. It is planned to build a five-star hotel with a height of 350 meters and 93 floors above ground. It is estimated that there are 1.93 rooms and high-end apartments, which will become the third tallest building in Chicago and a new landmark in Chicago. Pre-sale of high-end apartments started from 2065438+September 2005.

In terms of financing, Wanda Commercial Management Co., Ltd. * * obtained credit lines of 372.9 billion yuan from major cooperative banks, with 98.7 billion yuan used and 274.2 billion yuan unused.

As for shareholders, Dalian Wanda Commercial Management Group currently has a total share capital of 4.527 billion yuan, domestic common stock of 3.7765438 billion yuan and overseas common stock of 755 million yuan. Among them, Dalian Wanda Group holds 42.608% of the shares, and Wang Jianlin directly holds 288 million yuan of shares of the company, with a shareholding ratio of 6.372%.