Wanda Hotel restructuring Wang Jianlin disguised holdings

There is new progress in the asset reorganization plan. The parent company “Wanda Overseas” intends to transfer all the shares to Wanda Investment, which is wholly owned by Chairman Wang Jianlin.

Nearly 25% discount price still rose 1%

Trading price of $ 1.2 per share, compared with the price of shares before the announcement yesterday, nearly 25% discount, but Wang Jianlin disguised holdings, the shares still stimulate the stock up, rose more than 1%.

The company announced the above news yesterday during the afternoon break. Wanda Overseas will sell 3,055 million shares of the company at a price of Rmb1.2 per share to Wanda Investment, accounting for 65.04% of the total share capital. As the new company is wholly-owned by Wang Jianlin, the ultimate controlling shareholder before and after the proposed transfer remains unchanged.

According to the company interim announcement, Wang Jian Lin Yuan through the delisted Dalian Wanda Commercial Real Estate Holdings holding Wanda Overseas. Wang Jianlin holds about 52% of Wanda commercial real estate. After this transaction, Wang Jianlin Wanda Hotel benefit material holdings and then increase.

Wanda Hotel rose 10.49% yesterday, closing at 1.58 yuan, a turnover of 97.5 million yuan.

Wanda Hotel proposed asset restructuring in August this year, involving the acquisition of Wanda Creative Travel Group for Rmb6.3bn, the acquisition of Wanda Hospitality Management (Hong Kong) for HK $ 878m, and the sale of several properties in several locations in Guilin, China, London, United States, Chicago, Real estate projects in Sydney and Gold Coast in Australia. Among them, the extraordinary general meeting for the acquisition of Wanda Hotel Management will be held on December 8.