Wang Jianlin was tilted by ＂good brother＂ Suning Tesco 8.9 billion

Following Yonghui Supermarket, another old friend Suning Tesco pursued the debt to Wang Jianlin's Wanda, and the two added a total amount of about 8.9 billion yuan.Wang Jianlin, who just waited for helping money, has new troubles now.As of the end of June 2024, Dalian Wanda Commercial Management consolidated a caliber of 137.561 billion yuan. Who would be the next debt collection creditors?

More than a month ago, Taimeng and the Middle East Consortium with a strategic investment of 60 billion yuan in the Middle East Consortium quietly landed, like a timely rain, successfully resolved the heavy pressure on the shadow of the gambling shadow after Wanda's failure.The gambling sword hanging above Wang Jianlin's head is about to disappear.

Many people can't help but be relieved for Wang Jianlin. This 8 -year -old listing battle against gambling can finally draw a sentence.Unexpectedly, Wang Jianlin recently fell into a new trouble, and the old friends chased him one by one.

The latest litigation to Wanda is the "old partner" Suning Tesco.On the evening of October 22, ST Tesco suddenly issued an arbitration announcement, requiring Wanda to pay the repurchase of 50.04 billion yuan from Suning Tesco and its subsidiary.According to the announcement, the incident involved Suning Tesco's war investment in Wanda Commercial Management in 2018.

Before that, Yonghui Supermarket, another shareholder of Dalian Wanda Commercial Management, has found debt to Wanda through arbitration.On October 14, Yonghui Supermarket proposed that Wang Jianlin and others were required to pay the transfer price of Wanda Commercial Management's remaining shares and 3.859 billion yuan in default.This means that within half a month, Wang Jianlin was founded by two old friends, with a amount of about 8.9 billion yuan.

Whether it is Zhang Jindong of Suning Tesco or Zhang Xuansong of Yonghui Supermarket, they have been the shareholders of War Investment Capital who have participated in the listing of Wanda.Among them, Wang Jianlin and Zhang Jindong Two, they have repeatedly crisis and support each other.But now, in the context of lack of money, old friends have to face Wang Jianlin.

01.Bonds 8.9 billion

From the perspective of business cooperation, Suning Tesco's arbitration of Wanda seems a bit suddenly.Six months ago, Suning Tesco's first flagship store (Suning Pro) just opened in Dongcheng Wanda Plaza. Suning Tesco and Wanda also sent high -level representatives to participate in the opening ceremony.

A local business practitioner in Dongguan revealed that "Wanda Plaza gave Suning a total of 3 floors, which can be said to be the core location of the square."Based on the previous strategic cooperation, the layout of the two in commercial retail is also continuously deepening.

From the perspective of a Wanda internal personnel, in the past many years, although Wanda and JD.com, Tencent, Yonghui Supermarket have reached a share -level cooperation, it has been specific to the offline business cooperation.There is the strongest sense of cooperation. "For example, in terms of operation, there are not many Jingdong stores in the Wanda system, and the cooperation between Yonghui Supermarket and Wanda Plaza also rarely."

The above -mentioned employees told the Finance and Economics: "Because Suning Tesco has a shares in Wanda, there are some shops in Wanda. If you do not pay the rent on time, the company can do not make compulsory requirements, and other companies will not work."

Why did the two old partners suddenly look back?It is also necessary to start with Wang Jianlin's long listing road.In September 2016, Wang Jianlin privatized Wanda Commercial and tried to go public in A shares by backdoor.According to the agreement with the investor, Wanda must complete the listing market in the mainland on August 31, 2018, otherwise it will pay 12%and 10%single profit to investors.

In January 2018, when he saw Wang Jianlin, who was not able to knock on the gate of A -share, he couldn't knock on the door of A shares.Four companies, Sunac, JD.com, Tencent, and Suning, signed a strategic cooperation agreement with Wanda, and then injected 34 billion yuan of funds into Wanda. Wanda Commerce also changed its name to Wanda Commercial Management Group.

Among them, Tencent invested 10 billion yuan, holding a shareholding of 4.12%; JD.com invested 5 billion yuan, holding a share of 2.06%; Suning Tesco and Sunac China invested 9.5 billion yuan respectively, with a shareholding of 3.91%.

After that, Wanda ’s listing roads still followed up. In 2021, Wang Jianlin wanted to open and no longer love A shares. He overthrew the original listed entity Dalian Wanda Commercial Management and re -launched the new platform of Zhuhai Wanda Commercial Management., And put the light asset business in the Wanda system into Hong Kong stocks.

Subsequently, Wang Jianlin almost tried his best to promote the listing of Zhuhai Wanda Merchants, but many years later, he still failed to do so. Those shareholders who were looking forward to getting investment income did not wait for the high investment return.

Aiming at the 5 billion yuan equity repurchase agreement between Wanda and Suning Tesco, Wanda insiders said, "According to the investment agreement signed by the two parties, Suning's reason for Wanda to repurchase equity cannot be established, and Wanda alsoThere is no problem of so -called breach of contract. "

The person also said, "Suning's business management shares held by Suning have been seized and frozen by the public security organs, and objectively do not have the operability of repurchase. Wanda is actively safeguarding legal rights through legal procedures."In this regard, Suning Tesco responded that "the company protects rights in accordance with the law, and the arbitration of cases has been accepted, and it will be fulfilled according to the arbitration procedure."

The truth between the dispute between Suning Tesco and Wanda remains the announcement of the arbitration results.However, this is not the first debtor facing Wang Jianlin.Not long ago, a paper arbitration application in Yonghui Supermarket also made public debt disputes with Dalian Yujin.

The target of Yonghui Supermarket's prosecution Dalian Yujin has inextricable connections with Wanda.From the perspective of industrial and commercial information, the Dalian Yujin parent company is the Dalian side, and the actual controllers behind them are Wang Jianlin's many years of friends -Sun Xishuang.

People who are familiar with Wanda will not be unfamiliar with the name Sun Xishuang. He is a close friend of Wang Jianlin for more than 30 years.Dalian is a company controlled by Sun Xi Shuang, and is also an important shareholder of Wanda Commercial Management.

Zhang Xuansong, the owner of Yonghui Supermarket, also chose Wanda Commercial Management in 2018, looking forward to enjoying a round of capital feast.In December 2018, Yonghui Supermarket held its shareholding through the transfer of Dalian Group and invested in Wanda Commercial Management for 3.531 billion yuan.

In 2023, seeing Wanda's business management was available, Yonghui initiated a equity repurchase treaty to Wanda, requiring 4.53 billion yuan to sell the previously bought equity, which was paid by the Dalian Yujin in 8 phases.

In other words, for five years, Yonghui Supermarket bought part of the equity of Wanda's commercial management held by Dalian at that time, and now he needs to return to the hands of the Dalian Group.Regarding the payment agreement, Wang Jianlin, Sun Xishuang and the Dalian Group will provide guarantees for the payment of the remaining transfer price.

However, Yonghui Supermarket should originally received the third phase of the 300 million yuan transfer on September 30, but it was not received. Eventually, an arbitration was initiated, requiring the removal of the remaining funds and 3.859 billion yuan in liquidated damages.Behind these disputes, there is also a past thing between Wang Jianlin and his old friends.

02. Wang Jianlin's "friendship crisis"

In the circle of business bosses, Wang Jianlin has always been regarded as a "big brother" who is seriously righteous.He has expressed his emphasis on friendship many times in media interviews. "To do business, you need to talk about love, real friends can reach out to help when you are in trouble, and trust each other when cooperating."

As early as 2016, when Wanda Commercial was privatized from Hong Kong stocks, Wang Jianlin called out shareholders. "I have made a lot of industries, how many times I have invested, and many friends followed me to invest in each order.In one order, I lost money with my friends.

Within Wanda Group, Wang Jianlin's "heavy righteousness" is recognized by many employees.Employees who have worked in Wanda told the financial world, "Pharaoh is very affectionate to his previous partners. Many presidents in the past were his old partners. Wang Jianlin would be responsible for them.Affection".

Wang Jianlin often calls friends and brothers and brothers in public in public.He called Sun Hongbin's "brother". Zan Liu Chuanzhi was one of his very admirable entrepreneurs. He had a private relationship with Hu Yisen, chairman of Jianye Group. In the Internet field, Ma Yun, Ma Huateng and others are often Wang Jianlin's "seat".

Among the many big friends, Zhang Jindong and Wang Jianlin are definitely a pair of "old iron", and the company founded by the two has also had in -depth cooperation.In January 2018, the relationship between the two parties was deeper. Suning invested 9.5 billion yuan to invest in Wanda Commercial and acquired 37 stores in Wanda Department Store in 2019.Two business bosses have also increasingly trusted each other. Wanda faced two gambling crisis. Suning Tesco is always around it.And what is willing to accompany Wang Jianlin to the end, as well as his long -time friend Sun Xishuang.

As the "ash level" in the circle of friends in Wang Jianlin, Sun Xishuang helped himself many times when Wang Jianlin encountered difficulties.Unlike Wang Jianlin's vigorous temperament, Sun Xishuang spoke slowly. He was one year older than Wang Jianlin, 70, and accompanied Wanda to develop and grow, but he was extremely low -key and rarely appeared in public vision.

In the territory of Wanda, Sun Xishuang is involved in multiple fields as a shareholder. Whether it is the Wanda Cinema Line, Wanda Merchant Management, or Wanda Film and Television, there are Sun Xishuang.Partner.Even when Sun Xishuang moved Dalian to Beijing, he moved his headquarters to the same position as Wanda Group headquarters.

In the process of gambling listing many times, Wang Jianlin's circle of friends has expanded, and the friendship with these entrepreneurs is not only reflected in his personal social activities, but also reflected in Wanda GroupMany strategic cooperation.

Finance and Economics has sorted out previous shareholders who have participated in the strategic investment of Wanda found that they have the state -owned assets of Suzhou State -owned Assets Strategic Strategy in the state -owned assets, including DCBC, Country Garden and other real estate leaders, including JD.com, Tencent, Ant and other Internet giants, and there are also Internet giants, and there are also Internet giants.International Private Equity Giants Taimeng, Middle East Consortium, etc.

In contrast, Suning Tesco and Yonghui Supermarket are the earliest strategic investors to enter the stock.However, the business world is changing rapidly, and the good partners of the past are now facing the trouble of lack of money.In the past few years, with the fierce fluctuations in the real estate market, business leaders are looking for a strategy of response.

Even Sun Xishuang, who has worked hard for more than 30 years, did not have too many real gold and silver to recharge the friendship.According to the relevant information of the enterprise, since 2021, Sun Xishuang pledged Wanda Commercial Co., Ltd. he held to Guangfa Bank, Bohai Bank, Dalian Bank and other financial institutions.Cases of equity frozen.

Suning Tesco on the other side is also actively rescue, looking for funds to supplement the company.This huge sum of money that was once invested to Wanda's commercial management naturally became the object of recovery.

However, there may be more than that for Wang Jianlin's headache.Along with the demands of old shareholders such as Suning Tesco and Yonghui Supermarket, other investors who have invested in Wanda Commercial Management together have also begun to calm down.

With the launch of the Zhuhai Wanda Commercial Management, many old and old investors have made their own decisions.

Some of the unable to wait for the warrior, and they have selected to withdraw at the window period at the end of 2023.For example, Country Garden has announced that in December 2023, it transferred 130 million shares of Wanda Commercial Management to Wanda, with a transaction price of 3.069 billion yuan.

On the other hand, the choice of investment in the Investmenter Taimeng continued to bet.The chairman and legal representative of the relevant company also changed from veteran Wanda Xiao Guangrui to Huang Dewei, President of Taimeng.

In September this year, the registered capital of Dalian New Da League increased from 16.21 billion yuan to 40.52 billion yuan, and the total investment was changed to 51.3 billion yuan.The implementation of this "life -saving money" allowed the listing of gambling alarms on Wang Jianlin's head to be lifted for the time being.

However, the 60 billion yuan of funds from the Taimeng and the Middle East Consortium alone cannot completely relieve Wang Jianlin from the sense of urgency of the listing failure.After the failure of listing, Wang Jianlin must not only consider the requirements of new strategic shareholders, but also find ways to balance the interests of old shareholders.

Especially for the old shareholders of Dalian Wanda Business Management, especially for the previous participation in the parent company, many things lack one.

The most typical example is that in January 2018, the four giants of JD, Tencent, Suning, and Sunac took out 34 billion yuan, but the "four giants" who participated in the Dalian Wanda Commercial Management had not been reported beforeRelated cash out of the field.But for enterprises, cash flow is the line of life and death, and many investors have no patience to wait.

On a social platform, many shareholders have called for Sunac to withdraw from Wanda's investment in 10 billion yuan.Not long ago, the market was circulating. JD.com and Suning Tesco also had to withdraw from Dalian Wanda Merchants Management. Now Suning's exit can be regarded as boots, and JD.com has not explicitly stated.

For Wang Jianlin, how to soothe the emotions of these investors and ensure their interests is also a problem in front of them.At present, from the public information, Wanda's liquidity crisis has not completely resolved with the landing of the new war. The debt gap of Dalian Wanda Commercial Management is still a problem in front of Wang Jianlin.

The midterm report of Dalian Wanda Commercial Management Bonds showed that as of the end of June 2024, Dalian Wanda Commercial Management merged the caliber and interest liabilities of 137.561 billion yuan, of which 30.269 billion yuan in interest liabilities expired within one year.

In order to supplement the liquidity of funds, since this year, the Beijing Wanda Plaza, which is located at the headquarters of Wanda headquarters, and high -quality assets located in Shanghai, Hangzhou and other cities, have been sold by Wanda.And Wanda also relocated the relevant personnel of the light asset business to Zhuhai Hengqin as a whole, and set up a headquarters.

Not only that, on October 14th, Wanda also "cleared" the legendary film industry in the Hollywood factory and sold the remaining equity held by Dalian Wanda Group, but did not disclose specific financial details.

While busy selling and selling, Wang Jianlin also made major adjustments to the appointment of Dalian Wanda.On October 18th, Xiao Guangrui, former chairman of Dalian Wanda Merchants, and Zhang Jing, supervisor Zhang Jing, and Ma Jun all resigned as the corresponding positions due to work arrangements. Zhang Chunyuan took over as chairman and legal representatives, and Fang Li Shuang and Zhang Ye took over as the supervisors.

These latest personnel changes means that Wanda Wanda Commercial Management, the core subsidiary of Wanda Group, has completed a number of management of management.A Wanda worker told the financial world, "Now the company's pressure on profit assessment is significantly greater, and the pressure on KPI's assessment is also greater."

Back to the starting point of the story, Wang Jianlin and Suning Tesco and Yonghui Supermarket reached investment cooperation in 2018. It was the 30th anniversary of Wanda's establishment. As a memorial, Wang Jianlin spent a lot of thoughts and wrote for Wanda himself.A lyrics, the song name is Wanda.

After writing, Wang Jianlin feels veryIt means that the annual meeting of the year was sung. He said, "China's 30 million companies, few companies can sing for a long time. I hope that our songs of Wanda can sing."But now, with the decline of the entire Wanda business territory, Wanda's song is rarely mentioned.

(Author | Cardamom, Edit | Wu Yue)