Core Viewpoint - Wanda Group has redeemed a Wanda Plaza for the first time after selling over 40 plazas, indicating a potential shift in its asset management strategy [2]. Group 1: Corporate Changes - On December 2, Yantai Zhifu Wanda Plaza Co., Ltd. underwent a business change, with Xinhua Insurance's subsidiaries exiting the shareholder list and Shanghai Wanda Ruichi Enterprise Management Co., Ltd. becoming the sole controlling shareholder [1]. - Shanghai Wanda Ruichi was established in 2023 with a registered capital of 50 million RMB and is wholly owned by Dalian Wanda Commercial Management Group [2]. - Dalian Wanda Commercial Management Group, founded in September 2002, has a registered capital of approximately 27.164 billion RMB and provides commercial management services for Wanda Plazas nationwide [2][3]. Group 2: Financial Challenges - Dalian Wanda Commercial Management has faced a debt crisis, leading to multiple asset sales [5]. - As of now, there are 56 instances of equity freeze risk and 4 high-risk execution information related to Dalian Wanda Commercial Management [4]. - A private equity fund named "Suzhou Kuanyu Equity Investment Fund Partnership" was established with a total investment of 22.429 billion RMB to facilitate the acquisition of 48 Wanda Plaza project companies by a consortium of firms including Tencent [5][6]. Group 3: Recent Transactions - Following the asset sales, Wanda Commercial Management has also sold the Guangzhou Zengcheng Wanda Plaza, and the Shanghai Fengxian Fuli Wanda project was auctioned [7]. - The recent business changes in Guangzhou Zengcheng Wanda Plaza Co., Ltd. saw Dalian Wanda Commercial Management exit the shareholder list, with Beijing Jiajun Technology Development Co., Ltd. becoming the sole shareholder [7].
万达首次赎回一座万达广场