Official announcement! Financial innovation takes 6 billion 281 million of the 100percent equity in Wanda culture management.

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 Official announcement! Financial innovation takes 6 billion 281 million of the 100percent equity in Wanda culture management.


The financial announcement shows that the takeover includes three aspects. First, Rongchuang Real Estate (Rongchuang China Indirectly wholly-owned subsidiary) acquired 75% of Chengdu Wanda Theme Culture Tourism Management Co., Ltd. held by Wang Jianlin and terminated the original commercial arrangements at a cost of about 4.494 billion yuan. Second, Rongchuang Real Estate purchased 99% of Wanda Cultural Tourism Creative Group Limited and 1% of Wanda BVI Venture Holdings Limited, terminating the original business arrangement at a total cost of RMB 1.5 billion Hong Kong dollars. In addition, Wanda business management group agreed to terminate the original business arrangement at a cost of about 287 million yuan.

According to Rongchuang China, this move is to further enhance the management and operation efficiency of the Wen Travel projects that the group has acquired, to enhance the profitability and asset value of such projects, and to speed up the establishment of the groups institutional capacity and brand influence in the field of Wen Travel. Rongchuang announcement shows that after the completion of the transaction, Wanda will continue to use all its resources to fully support the smooth opening and operation of the Civil Service project which has been acquired but not yet opened by the Group. This transaction will make the operation and management interface of the Wen-brigade project purchased by the group clearer and improve the management efficiency further. Moreover, through this transaction, the group has gained a well-organized and experienced team of Wen-brigade and business operation management, which will help to accelerate the establishment of the group in the field of Wen-brigade. System capability and brand influence. Source: Beijing News Editor: Qiao Jing _NN6607

Rongchuang announcement shows that after the completion of the transaction, Wanda will continue to use all its resources to fully support the smooth opening and operation of the Civil Service project which has been acquired but not yet opened by the Group. This transaction will make the operation and management interface of the Wen-brigade project purchased by the group clearer and improve the management efficiency further. Moreover, through this transaction, the group has gained a well-organized and experienced team of Wen-brigade and business operation management, which will help to accelerate the establishment of the group in the field of Wen-brigade. System capability and brand influence.