After a few days, Wang Jianlin was sent to Weibo's hot search again because of "sell, sell, sell".
On the evening of July 23, China Ruyi (HK00136, stock price 2.56 Hong Kong dollars, market value 26.252 billion Hong Kong dollars) announced that Shanghai Ruyi recently acquired Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as Wanda Cultural Group) for 2.262 billion yuan. Some have a 49% stake in Beijing Wanda Investment Co., Ltd. (hereinafter referred to as Wanda Investment). Shanghai Ruyi is a wholly-owned subsidiary of China Ruyi, and Tencent is behind China Ruyi. After the
transaction is completed, Shanghai Ruyi will directly hold 49% of the shares of Beijing Wanda Investment, and Wanda Culture Group will hold 49.8% of the shares of Beijing Wanda Investment instead of the original 98.8%. In addition, Wanda Films announced that this change in equity will not lead to changes in the company's controlling shareholder and actual controller. The reporter of "Daily Economic News" interviewed Shanghai Ruyi about this transaction. A related person from the company said that everything is subject to the announcement.
Chairman of Shanghai Ruyi Ke Liming is born in the 1980s. The 2022 annual report shows that he is only 39 years old. He used to be a senior analyst in a hedge fund management company. He led and invested in "Hello Li Huanying" and "Hello Li Huanying" as an investor and producer. Films such as Send You A Little Red Flower, To Our Perishing Youth, Old Boy-The Raptors Cross the River, and TV dramas such as All Quiet in Peking, Langya Bang, and The Legend of Miyue.
According to the statistics of the "Daily Economic News" reporter, since May of this year, Wang Jianlin has accumulatively cashed out more than 8 billion yuan. On July 10, it was Lu Lili, the "proprietress" of Oriental Fortune, who "rescued" Wang Jianlin, and this time it was Shanghai Ruyi, the dark horse of film and television.
When the market opened on the morning of July 24, the stock price of China Confucianism rose by nearly 8% and then plummeted. The stock price of Wanda Movies rose slightly by 1.1% and then fell.
Beijing Wanda Investment's 49% equity was sold for about 2.3 billion
Since this year, from Wanda Films to Wanda Investment, Wang Jianlin has frequently "sold" equity and reduced his holdings of assets.
On July 10, Wanda Investment and Lu Lili signed a share transfer agreement, intending to transfer 180 million shares of Wanda Film to Lu Lili at a total transfer price of about 2.173 billion yuan. Lu Lili's most well-known identity is the "proprietress" of Oriental Fortune.
Immediately afterwards, on July 18, Beijing Wanda Investment once again planned to transfer 177 million unrestricted tradable shares of Wanda Movies held by it to Shen County Rongzhi Xingye Management Consulting Center (Limited Partnership), at a transfer price of 13.17 yuan per share , the total transfer price is about 2.336 billion yuan.
Image source: screenshot of Wanda Film announcement
After Wanda Film was reduced, Beijing Wanda Investment was also "reduced and cashed out".
China Ruyi announced on the evening of the 23rd that Shanghai Ruyi has acquired 49% of the shares of Wanda Investment held by Wanda Culture Group for 2.262 billion yuan. After the
transaction is completed, Shanghai Ruyi will directly hold a 49% stake in Beitou, and Wanda Culture Group will hold a 49.8% stake in Beijing Wanda Investment instead of the original 98.8%.
Image source: China Ruyi announcement screenshot
However, Shanghai Ruyi said that after the equity transfer is completed, it has no intention to appoint directors to Wanda Investment, nor to participate in its daily operation and management. Wanda Investment will not be a subsidiary of the company , its financial results will not be consolidated into the company's consolidated financial statements.
public information shows that before this share transfer, the direct shareholders behind Wanda Investment were Wanda Culture Group and Wang Jianlin, with shareholding ratios of 98.80% and 1.20% respectively. Wanda Culture Group is a wholly-owned subsidiary of Dalian Wanda Group.
The "Daily Economic News" reporter noticed that since Wanda Investment, whose shares were transferred this time, is the controlling shareholder of Wanda Films, Wanda Films also reminded that this change in equity will not lead to changes in the company's controlling shareholders and actual controllers. The controlling shareholder of the company is still Wanda Investment, and the actual controller is still Mr. Wang Jianlin.
After the change of equity transfer between Wanda Culture Group and Shanghai Ruyi, the equity control relationship of Wanda Films Image source: Screenshot of the announcement voting rights and dividend rights, and only indirectly hold listed investments as passive investors.
penetrates Chinese Confucianism, Tencent is the largest shareholder
Shanghai Confucianism is a company under China Confucianism, and the largest corporate shareholder behind Chinese Confucianism is Tencent.
The predecessor of Chinese Confucianism is Mascot Group. In 2015, Evergrande Group and Tencent Holdings acquired the group and changed its name to Hengteng Network Group. At that time, the company was mainly engaged in Internet business and so on.
In January 2021, Hengteng Network announced that it had officially completed the acquisition of all shares of Ruyi Films and Pumpkin Films. In February 2022, Hengteng Network changed its name to China Ruyi.
As of July 4, 2023, Tencent Holdings is the company's largest shareholder (indirect shareholding), and Chairman Ke Liming holds 18.92% of the shares. Specifically, Tencent Holdings indirectly holds 20.45% of the company's shares through its wholly-owned subsidiary Water Lily Investment Limited, and Ke Liming indirectly holds 18.92% of the company's shares through Pumpkin Films Limited. According to
Wind public information, Ke Liming, 39, used to be a senior analyst in a hedge fund management company. As an investor and producer, he has led and invested in films such as "Hello Li Huanying", "Send You A Little Red Flower", "To Our Dying Youth", "Old Boy-The Raptors Crossing the River", and "Peking Nowhere". TV dramas such as "Battle of War", "Langya Bang" and "Legend of Miyue".
Tencent's recognition of Chinese Confucianism is reflected in the continuous increase in holdings and business cooperation. Tianfeng Securities Research Report shows: In the second quarter of 2021, Tencent Holdings and the company reached an agreement to share some film and television copyright resources. In January 2022, the company announced its entry into the game business and obtained technical services and channel promotion support from Tencent Computer for the company's game products. Subsequently, Tencent signed a share subscription agreement with the company through its subsidiary Water Lily to subscribe for 64 million shares at a price of 160 million Hong Kong dollars; in July 2022, the company issued additional shares to Tencent (Water Lily) and others, raising a total of 1.56 billion Hong Kong dollars . In terms of subsidiaries, as of the end of 2022, the company mainly participates in 12 companies, of which 9 companies are wholly-owned.
Prior to the deployment of Beijing Wanda Cultural Industry Group, on July 4, China Confucianism just announced that it plans to raise 4 billion Hong Kong dollars, 90% of which is intended to be used for the development and expansion of the film and game business, and Tencent participated in the subscription. In addition to Tencent, subscription institutions or individuals also include Liu Xueheng, Cubract Ventures (an investment holding company), Yushan (an investment holding company), and Chengwan Development (an investment holding company). The audience of
has had the greatest awareness of Chinese Confucianism in film and television dramas in the past few years. China Confucianism has successively produced more than 100 film and television works such as "All Quiet in Peking", "Langya Bang", "The Legend of Miyue", "Send You A Little Red Flower", and reserves hundreds of film and television copyrights.
This year's summer blockbuster movie "The Missing Girl" also has Ruyi Film and Television participated in the investment, and the box office of the film has reached 3.467 billion yuan. In addition, this year the company's main investment films include "Hot" and "Keep You Safe".
On July 28, "Enthusiasm", directed by Dapeng and starring Huang Bo and Wang Yibo, was released. As of the morning of July 24, the total box office has exceeded 60 million yuan.
In recent months, the accumulative reduction of holdings has exceeded 8 billion.
This is not the first time that Wanda Films has been greatly reduced. In April of this year, Wanda Films announced that due to shareholders’ own capital needs, Wanda Investment plans to reduce its holdings of the company’s shares by no more than 65.39 million shares, accounting for 3% of the company’s total share capital, through centralized bidding and block transactions.
"Daily Economic News" reporter's statistical announcement found that from May 23rd to July 3rd, and from June 9th to July 7th, Wanda Investment reduced its holdings of Wanda Film shares through centralized bidding transactions and block transactions. According to the estimated average selling price announced at that time, Wanda Investment has accumulatively cashed out more than 600 million yuan.
In addition, in March of this year, Wanda Culture Group, the controlling shareholder of Wanda Films, also reduced its holdings of about 43.565 million shares of Wanda Films through a block transaction.
Image source: screenshot of Wanda Film announcement
This means that from March this year to now, in just over four months, Wang Jianlin intends to cash out more than 5.5 billion yuan just by reducing his shareholding in Wanda Film. If the transfer of equity in Beijing Wanda Investment is included, since this year, Wang Jianlin plans to reduce his holdings of assets, and plans to cash out more than 8 billion yuan in total.
daily economic news
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