Half a year of throwing billions of dollars to buy cash pressure test “madman”

Rong Hong China (01918) Chairman Sun Hongbin, the year has been more than 30 billion yuan (RMB, the same) large-scale mergers and acquisitions, and now again take 632 billion yuan Wanda tourism, hotel assets, only half a year more than hundreds of billions of dollars.

There are insiders describe, short-term financial or face cash pressure, but the acquisition itself, the actual price to get a lot of core city land, to see “real estate madman” can show business strength.

Mainland media “financial new” quoted Wang Jianlin means that the sale can significantly reduce Wanda commercial debt, and to achieve light capitalization operations.

Wanda for the debt reduction of love love travel project

Wanda has sold to “Wanda City” as the representative of the cultural tourism projects, Wang Jianlin once boast, Wanda City can make Shanghai Disney 20 years without profit. He said at the end of last month in Harbin Wanda City, is expected in 2020 to open 15 Wanda City in the country. However, only half a month, Wang Jianlin will sell more than 13 projects in Harbin, more than 9 percent stake, there are market participants as Wanda City, lack of money or problems, in case of buyers contact, they took the opportunity to sell.

Sun Hongbin in a few years will melt create hundreds of billions of sales scale, to help the company’s share price rose 1.3 times this year, nor is it willing to easily take a large debt. Wanda invested assets, including Guangzhou brigade project, Beijing hotel and other first-tier cities real estate assets, financial creation can still disguise holdings of relevant urban land.