Core Insights - Wang Jianlin, chairman of Dalian Wanda Group, recently visited Xinjiang to explore investment opportunities and tourism development, highlighting the region's rich tourism resources and potential for improvement [2] - Dalian Wanda Group has been facing financial difficulties, leading to asset sales as a strategy to alleviate debt pressure and transition towards a lighter asset model [2][3] Group 1: Investment and Development - Wang Jianlin emphasized the need for better project planning and operation in Karamay, despite its favorable resource endowment, indicating a potential for collaboration to enhance urban development and improve residents' quality of life [2] - The company is exploring partnerships in Karamay to leverage tourism and urban development, which could significantly benefit the local economy [2] Group 2: Financial Strategy and Asset Management - Dalian Wanda Group has been actively selling assets to manage its debt, with a notable transaction involving the sale of Wanda Hotel Management (Hong Kong) for approximately 2.49 billion yuan, reflecting a valuation of 9.5 times its adjusted EBITDA for 2023 [3] - The hotel management company is part of Wanda's light asset strategy, with projected revenue of 890 million HKD for 2024, although the occupancy rate for its hotels has decreased by 2 percentage points year-on-year to 53.9% [3] - Recent changes in ownership of Wanda Plaza in Xuzhou indicate a shift in the company's asset management strategy, with insurance companies becoming significant buyers of its properties [3]
王健林,罕见现身!
证券时报·2025-08-23 11:51