今日赎、明日卖，万达广场一天后再易主

Core Viewpoint - Wanda Group, known for its asset sales, has recently made a rare purchase by acquiring Yantai Zhifu Wanda Plaza, indicating a potential shift in its strategy as it navigates through challenging times [1][3]. Company Changes - Yantai Zhifu Wanda Plaza Co., Ltd. underwent a change in ownership, with Shanghai Wanda Ruichi Enterprise Management Co., Ltd. becoming the sole shareholder, and Wu Hua appointed as the new legal representative [1][2]. - Just one day after the acquisition, the ownership changed again, with Suzhou Lianshang Jiuhao Commercial Management Co., Ltd. taking full control and changing the legal representative to Miao Zhou [4][5]. Financial Aspects - The acquisition and subsequent sale of Yantai Zhifu Wanda Plaza occurred at the same price of 708 million RMB (approximately 100 million USD), resulting in no financial gain for Wanda Group from this transaction [7]. - The plaza has been a significant commercial center in Yantai, with a near 100% occupancy rate for its retail spaces and an annual rental yield exceeding 5% [7][10]. Strategic Implications - The new owner, Suzhou Lianshang Jiuhao, is backed by Zhonglian Qianyuan Real Estate Fund Management Co., Ltd., which has strong connections to various state-owned enterprises, suggesting a strategic focus on real estate investment trusts (REITs) [10][11]. - Zhonglian Fund has been actively acquiring Wanda plazas, indicating a broader strategy to develop REITs based on commercial properties, which could reshape the investment landscape for such assets [10][12]. Market Context - Over the past two years, Wanda Group has sold over 80 plazas, representing about 25% of its original asset holdings, as part of a strategy to alleviate debt pressures following a failed IPO [11][12]. - The recent asset sales have attracted significant interest from major buyers, including insurance companies like Xinhua Insurance and Sunshine Insurance, indicating a robust market for commercial real estate [11][12].