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source: spy finance (id: spy finance)

just now, the dalian wanda group of "business tycoon" wang jianlin has made a new move. unlike the past when he kept "selling" wanda plaza, this time he is "buying" it with money!

according to the latest announcement from country garden services, on september 24, its wholly-owned subsidiary hong kong country garden property management sold approximately 108 million shares of zhuhai wanda to wanda (dalian wanda commercial management co., ltd. and its indirect wholly-owned subsidiary zhuhai wanying enterprise management co., ltd.), accounting for approximately 1.49% of zhuhai wanda’s total share capital. the transaction price was 3.142 billion yuan.

compared with the initial cost of 2.68 billion yuan, country garden property hong kong can achieve an annualized internal rate of return of 8% after tax through this cash out.

according to this calculation, the cost per share of zhuhai wanda involved in this major transaction reached about 29.1 yuan. after the sale, hong kong country garden property still holds 22.1094 million shares of zhuhai wanda, accounting for about 0.31% of the total share capital. calculated at the current cost price, the market value of this part is about 643.5 million yuan.

in fact, this is dalian wanda commercial management company fulfilling its previous repurchase commitment for zhuhai wanda pro-ipo. in mid-july 2021, hong kong country garden property "invested" about 130 million shares in zhuhai wanda, spending 3.23 billion yuan, accounting for 1.79% of zhuhai wanda's total share capital at the time.

according to the relevant supplementary agreement, dalian wanda commercial management co., ltd. should implement the repurchase before the end of this year, and the repurchase price can meet the target of 8% annualized internal rate of return after tax for country garden hong kong properties.

it now appears that country garden property services hong kong has achieved the expected target of "8% annualized rate of return", and the remaining shares are guaranteed by the pledge of approximately 130 million shares of zhuhai wanda held by dalian wanda commercial management co., ltd. to country garden property services hong kong for a period of 3 years.

country garden services said that the remaining 461 million yuan after the sale will be included in the company's retained earnings, but will not be included in the current profit and loss. the sale is for its strategic focus and to reduce the scale of financial investment, which will help it to recover funds and focus on its core business.

it was also disclosed that zhuhai wanda achieved a pre-tax net profit of 9.3 billion yuan in 2023, a year-on-year decrease of 2.55 billion yuan, and a net profit of 7.53 billion yuan after tax, a year-on-year decrease of 2.03 billion yuan.

source: secret agent finance gallery

at the end of 2023, pag investment group and dalian wanda commercial management co., ltd. signed a new investment agreement. pag and other investors will make further investment in zhuhai wanda commercial management. dalian wanda commercial management holds a 40% stake, becoming the single largest shareholder. pag and several other existing and new investors will hold a total of 60% of the shares.

from the perspective of dalian wanda commercial management company, the current largest shareholder is still dalian wanda group controlled by wang jianlin, holding approximately 44.65% of the shares, other domestic shareholders hold approximately 39.47% of the shares, foreign shareholders hold approximately 14.41% of the shares, and wang jianlin personally holds approximately 1.47% of the shares.

in parallel with zhuhai wanda, dalian wanda commercial management group and its subsidiary dalian wanyu enterprise management company jointly invested 16.2 billion yuan to establish dalian xindamen commercial management company in early 2024. rumor has it that this is a new platform for wanda commercial management's ipo.

in early september this year, the registered capital of dalian xindameng commercial management co., ltd. increased from 16.2 billion yuan to 40.5 billion yuan, and the industrial and commercial changes have been completed, involving 10 new shareholders, including 8 foreign shareholders.

this is to fulfill the agreement reached at the end of march this year between pag and several other chinese and foreign capitals and dalian wanda commercial management to make a strategic investment of 60 billion yuan. these capitals will hold a total of 60% of the shares, while dalian wanda commercial management will hold 40%.

attention! the legal representative and chairman of dalian new alliance commercial management co., ltd. has been changed from wang jianlin's "close subordinate" xiao guangrui to huang dewei, who is currently the president of pag china, while xiao guangrui's new position is director and general manager of the company.

among the 11 directors of dalian new world commercial management company, in addition to xiao guangrui, there are four other executives from dalian wanda group, namely han xu, huang guobin, he qicong and zhang chunyuan. it can be seen that wang jianlin's wanda team has basically reached the original intention of setting the equity ratio in dalian new world commercial management company with the directors of the capital increase.

next, the outside world will wait and see how wang jianlin will "get along friendly" with these investors and representatives, give full play to their respective strengths, and push wanda commercial management to become bigger and stronger and maximize profits.