首次赎回！抛售40多座广场后，万达收回烟台芝罘万达广场

Core Insights - Wanda Group has made a significant shift in its asset management strategy by redeeming the Yantai Zhifu Wanda Plaza after selling over 40 plazas, marking its first redemption of a plaza since the asset sales began [1] - The company is under considerable debt pressure, with over 5.2 billion yuan in total execution amounts and an expanding scale of frozen equity, indicating financial distress [1] Group 1: Asset Management Changes - Wanda Group has recently undergone a change in its shareholder structure for Yantai Zhifu Wanda Plaza, with Wanda Commercial Management Group regaining full control [1] - The establishment of Shanghai Wanda Ruichi Enterprise Management Co., Ltd. in 2023 as a wholly-owned subsidiary of Wanda Commercial Management signifies a strategic move to consolidate control over its assets [1] Group 2: Financial Challenges and Responses - To address its financial difficulties, Wanda Group has been actively selling its Wanda Plaza projects, with a notable transaction involving the sale of 48 companies to a consortium led by TPG, potentially worth 50 billion yuan [2] - The ongoing asset sales include key projects located in major cities such as Beijing, Guangzhou, and Chengdu, reflecting a strategy to offload core assets to alleviate financial strain [2]