Wanda Film Announcement, the company's indirect controlling shareholder and actual controller Wang Jianlin plans to transfer 51%of the equity to Shanghai Ruyi Investment Management Co., Ltd.

According to the announcement of Wanda Movie Wednesday (December 6), the company's indirect controlling shareholder Beijing Wanda Cultural Industry Group Co., Ltd., and its wholly -owned subsidiary Beijing Jun Run Enterprise Management Development Co., Ltd. and the company's actual control of the company's actual controlWang Jianlin, the three parties, intends to transfer 51%equity of Beijing Wanda Investment Co., Ltd. to Shanghai Ruyi Investment Management Co., Ltd.Wanda Investment is the controlling shareholder of Wanda Film.

If the above matters are finally implemented, it will change the control of Wanda Movies.In July, Confucianism was transferred to Beijing Wanda's investment of 49%of the equity of 2262 billion yuan (RMB and S $ 427 million).

Wanda, who has been in debt storm this year, has been selling assets.According to Leju Finance, Wanda's recently sold assets also include Shanghai Zhoupu Wanda Plaza, and the receiving party is the life insurance for everyone.