Group 1 - The restriction on Wang Jianlin, chairman of Dalian Wanda Group, has been lifted, and the previous "limit high" information is now classified as a historical consumption restriction [1] - Dalian Wanda Group and its subsidiaries are currently facing significant debt pressure, with non-current liabilities due within one year amounting to approximately 40.08 billion yuan and total current liabilities around 91.42 billion yuan [3] - Dalian Wanda has sold over 30 projects in 2024, including 7 at the beginning of the year, resulting in at least 85 Wanda Plaza ownership transfers nationwide [3] Group 2 - Wang Jianlin currently has 42 companies, with only 10 in operation or migration status, while the rest are either revoked or canceled [2] - Wang Sicong's company, Shanghai Panda Interactive Entertainment Co., Ltd., is facing a court execution of 12.1 million yuan due to a contract dispute [2] - Dalian Wanda Group has a total of 10 execution records, with a total amount of approximately 5.26 billion yuan, and 47 equity freeze records totaling 41.5 billion yuan [1]

专题：万达集团及王健林被限制高消费 曾经高喊"先定一个亿小目标"的商业大亨，再次经历了限高令的"一日游"风波。 王健林的限高令虽已解除，但万达的债务迷局仍未解开，我们将继续跟进。 9月29日，中国执行信息公开网显示，大连万达集团董事长王健林的限制高消费令已被撤销。而就在此 前三天，甘肃省兰州市中级人民法院刚刚对王健林及其万达集团下达了限高令。 责任编辑：石秀珍 SF183 9月28日，多家媒体报道王健林及其万达集团被限制高消费。该限制消费令由甘肃省兰州市中级人民法 院发出，发布日期为2025年9月26日。案件涉及一起1.86亿元的强制执行案件。这已不是王健林首次遭 遇限高令。此前4月他曾因物业纠纷被限高但随后撤销，而此次限高是万达集团今年以来最为公开的一 次信任危机。 尽管此次限高令迅速解除，但万达集团面临的债务压力依然不小。据公开信息显示，大连万达集团股份 有限公司目前存在多条被执行人信息，被执行总金额超过52亿元。仅2025年8月以来，万达集团就因两 起案件分别被强制执行24亿元和4亿元，执行法院分别为北京金融法院和上海金融法院。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ ...

即便如此，万达的偿债压力依然不小。债券报告显示，截至2024年6月末，万达商管合并口径有息负债达1375.61亿元，其中302.69亿元需在一年内偿付；但 期账面现金仅116亿元，存在约186亿元资金缺口。 此前一日，王健林被限高冲上热搜，天眼查显示，大连万达集团及其法定代表人王健林被限制高消费，"限消令"发布时间为9月26日。 搜狐财经从知情人士处获悉，由于万达下属项目公司经济纠纷导致，事实上之前双方一直在通过多种方式协商解决。"我们也正在了解具体情况，本次或因 是在执行层面信息不对称导致。" 案件审理流程显示，此前7月16日，大连万达集团、万达地产集团、武汉万达文旅置业、王健林等被强制执行1.86亿，执行法院为甘肃省兰州市中级人民法 院；9月26日，法院发布限制消费令，王健林被限高。 两天后，王健林限高措施被取消。 自珠海万达商管赴港IPO折戟后，万达集团及其下属公司便面临较大的债务压力，虽然引入太盟等投资人600亿投资，但万达并未停止出售资产的动作。据 不完全统计，2023年至2024年，万达累计出售万达广场超30座。 9月29日，搜狐财经查询发现，中国执行信息公开网已经没有万达集团董事长王健林限高信息 ...

Core Insights - Wanda Group and its chairman Wang Jianlin have been restricted from high consumption due to a court ruling, with the restriction effective until September 26, 2025 [4][6] - The total amount involved in the execution case is 186 million yuan, which has led to limitations on travel and accommodation for Wang Jianlin [6][8] - As of now, Wanda Group has 10 execution records totaling approximately 5.26 billion yuan, alongside 47 instances of equity freezing [8][18] Group 1: Company Assets and Investments - Wanda Group's assets include a 40% stake in Dalian Xindameng, around 200 Wanda Plazas, and subsidiaries like Wanda Sports and Baby King [3][16] - The company has 24 subsidiaries still in operation, with 15 holding more than 50% ownership [3][18] - Wang Jianlin controls 76 companies, with only 6 out of 11 external investments currently operational [18] Group 2: Financial Challenges and Debt - The company has faced increasing debt pressure, with significant amounts tied to unresolved financial obligations [6][8] - In 2023, Wang Jianlin initiated a strategy of asset sales to alleviate financial strain, including the sale of 48 Wanda Plazas for over 20 billion yuan [12][14] - The total asset value of Wang Jianlin has decreased by over 82 billion yuan within a year, dropping from 140.84 billion yuan to 58.81 billion yuan [18] Group 3: Recent Developments - Wanda Group has been involved in multiple legal disputes leading to restrictions and asset freezes, indicating ongoing financial instability [6][8] - The company has been actively divesting assets, including the sale of its hotel management business for 2.49 billion yuan [12][16] - The recent sales and financial maneuvers suggest a continued effort to manage liquidity and address debt obligations [12][14]

出品 | 搜狐财经 作者 | 王泽红 9月28日，天眼查显示，大连万达集团及其法定代表人王健林被限制高消费，"限消令"发布时间为9月26日。 搜狐财经从知情人士处获悉，由于万达下属项目公司经济纠纷导致，事实上之前双方一直在通过多种方式协商解决。"我们也正在了解具体情况，本次或因 是在执行层面信息不对称导致。" 案件审理流程显示，此前7月16日，大连万达集团、万达地产集团、武汉万达文旅置业、王健林等被强制执行1.86亿，执行法院为甘肃省兰州市中级人民法 院； 自珠海万达商管赴港IPO折戟后，万达集团及其下属公司便面临较大的债务压力，虽然引入太盟等投资人600亿投资，但万达并未停止出售资产的动作。据 不完全统计，2023年至2024年，万达累计出售万达广场超30座。 即便如此，万达的偿债压力依然不小。债券报告显示，截至2024年6月末，万达商管合并口径有息负债达1375.61亿元，其中302.69亿元需在一年内偿付；但 期账面现金仅116亿元，存在约186亿元资金缺口。 根据大连万达商管2024年三季度财务数据，其短期债务规模更高。截至2024年9月底， 万达商管一年内到期的非流动负债约400.84亿元，短期借款 ...

Core Viewpoint - Dalian Wanda Commercial Management Group Co., Ltd. has been restricted from high consumption due to failure to fulfill payment obligations as determined by a legal document, indicating ongoing financial distress and legal challenges for the company [1] Group 1: Legal and Financial Issues - Dalian Wanda Commercial Management and its legal representative Zhang Chunyan have been listed as dishonest executors by the Tianjin Jizhou District People's Court for not fulfilling obligations, with a total of over 1.57 million yuan executed against them this year [1] - As of September 2024, Dalian Wanda Commercial Management has monetary funds of 15.116 billion yuan, short-term loans of 3.89 billion yuan, non-current liabilities due within one year of 40.08 billion yuan, and long-term loans and bonds payable totaling 112.65 billion yuan [1] Group 2: Asset Sales and Strategic Moves - To alleviate financial pressure, Dalian Wanda has sold nearly 40 Wanda Plazas in 2023 and is in the process of selling equity in 48 companies to a consortium led by TPG, with the transaction potentially reaching 50 billion yuan [2] - The 48 companies involved in the sale are project companies for Wanda Plazas located in major cities such as Beijing, Guangzhou, Chengdu, and others, representing core quality assets within Wanda's commercial portfolio [2]

Core Viewpoint - Wang Jianlin's Dalian Wanda Group has sold 48 Wanda Plaza projects to a consortium of investors, significantly alleviating its liquidity pressure amid ongoing debt challenges [1][3]. Group 1: Transaction Details - The sale involves 100% equity stakes in 48 Wanda Plaza companies located in major cities such as Beijing, Shanghai, Guangzhou, and others [1]. - The transaction has been approved unconditionally by the State Administration for Market Regulation, with an estimated value of 50 billion yuan (approximately 7.5 billion USD) [1][2]. - The acquisition will be facilitated through a special fund platform led by Taikang, which plans to invest around 5 billion yuan and secure 30 billion yuan in loans from state-owned banks [2]. Group 2: Financial Context - Dalian Wanda Group has faced significant debt pressure, with over 40 billion yuan in non-current liabilities due within a year as of September last year [3]. - Short-term borrowings have increased by 190% year-on-year, indicating substantial financial strain [3]. - The sale of these assets is expected to coincide with the maturity of Wanda's debts, providing a critical cash influx [3]. Group 3: Historical Context and Stakeholders - This transaction marks the largest asset sale since Wanda's previous major deal in 2017, which involved 637.5 billion yuan for various projects [4]. - The buyers include established firms such as Tencent Holdings and various investment and insurance companies, indicating a shift in the profile of Wanda's investors [5][6]. - Taikang has previously invested in Wanda's management group, highlighting a long-standing relationship between the two entities [6][7].