Wanda Film, one of China's largest chain movie theaters, announced that it is easy to master China Confucianism, and Wang Jianlin, the founder of Wanda, has fallen to 10.9%.
The Wanda Movies issued an announcement on Tuesday (December 12). Wanda Cultural Group, Beijing Jun Run and Wang Jianlin and Ruyi Investment signed an equity transfer agreement, and intended to invest 20%of Wanda's investment, respectively.29.8%and 1.2%of the equity (totaling 51%of Wanda Investment Equity) were transferred to Confucian investment, and the transfer price total of RMB 2.1055 billion (about S $ 403 million).
Wanda Movies said that if the implementation of the transaction is completed, the actual controller of the company will be changed to Kleming.
Wanda, who has been in a debt storm this year, has been raising self -rescue.In addition to the sale of assets, Wang Jianlin also set up its financial license and some equity of Wanda Movies to alleviate the debt crisis.
Before the transaction, Wanda Film's controlling shareholder Wanda invested 20%of the equity of the company, and Wanda Cultural Group, Beijing Junrun, and Wang Jianlin held a total of 51%of Wanda's investment.Wang Jianlin through Wanda Investment and his consistent operator Wanda Cultural Group, Yixian Rongzhi Xingye Management Consultation Center (Limited Partnership), Lin Ning's control of 30.9%of Wanda Movies, the company's actual controller is Wang Jianlin.
Keliming holds 16.34%of the total share capital of China Confucian Holding Co., Ltd., a Hong Kong listed company, and Shanghai Confucian Film and Television Production Co., Ltd., which is controlled by China Confucianism, holds 49%of Wanda Investment.
After this transaction, the controlling shareholder of Wanda Film still invests in Wanda, and Confucian investment holds 51%of Wanda's investment.Confucian Investment is a wholly -owned company in Keliming. Corieming indirectly controls 20%of the equity of Wanda Film through Ruyi Investment, and the actual controller of Wanda Film will be changed to Kelina.
The Confucian Film and Television controlled by Chinese Confucianism holds 49%of Wanda's investment in the investment through the agreement, and Kolimin also holds 16.34%of the total share capital of Chinese Confucianism.Wang Jianlin passed the Wanda Cultural Group, Yixian Rongzhi Xingye Management Consultation Center (limited partnership), and Lin Ning's 10.9%equity of Wanda Movies.
Confucian Investment was established on December 25, 2015, with a registered capital of 10 million yuan. The legal representative is Yang Yu. The business scope includes: investment management, asset management.Kolimin holds 99%of the equity of Confucian Investment, and Beijing Dream Qiming Culture and Art Co., Ltd. holds 1%of the equity, which actually controllers.
Data show that 40 -year -old Kori is holding Chinese nationality and graduate degree.He is currently the CEO of the executive director and chairman of Chinese Confucianism, the executive president of PumpkinfilmsLimited.Kerry once led and invested in the hot movie of Chinese popular movies as investors and producers. Hello Li Huanying will send you a little red flower to make us passing youth, as well as the frontiers of the love of the old Chinese medicine tavern in JiudaoLet's such a TV series.
The stock of Wanda Film will start from the market on December 13.
