Wanda is using its complex companies to move assets。

December 4，Wanda Hotel Development (00169.HK) issued an announcement saying，The company’s controlling shareholder Wanda Commercial Real Estate Overseas Co., Ltd. (hereinafter referred to as Wanda Overseas) has signed a letter of intent without legal effect with Wanda Investment Holdings Co., Ltd. (hereinafter referred to as Wanda Investment)，The letter of intent states，The listed company Wanda Overseas intends to hold 65.04% of shares transferred to Wanda Investment，Pricing per share 1.HKD 20。

In addition，The announcement also disclosed another alternative，Is about to transfer the shares of the current controlling shareholder Wanda Overseas to Wanda Investment，The total consideration will be equal to the aforementioned sale of controlling shares。

If the agreement is successfully performed，means Wanda Hotel Development (00169.188bet online sports betting HK) will become a company controlled by Wang Jianlin personally in the future。Follow the announcement，Wanda Investment Holdings Co., Ltd. is wholly owned by Wang Jianlin。Jieme News reporter checked industrial and commercial information and found，The company is registered overseas，And there is no equity overlap with Wanda’s domestic companies。

Wanda Hotel Development (00169, which is listed on the Hong Kong stock market.HK），In the past, it was actually controlled indirectly by Dalian Wanda Commercial Real Estate through a number of overseas companies。The current shareholders of the company are Wanda Overseas and Chen Changwei、Chen Shuangni，Wanda Overseas holds 65 shares.04%。

Chen Changwei is the former controller of Hengli Commercial Real Estate，2013，A subsidiary of Wanda Commercial Real Estate，Wanda Commercial Real Estate (Hong Kong) Co., Ltd. (hereinafter referred to as Wanda Hong Kong) launches a tender offer for Hengli Commercial Real Estate，Finally with 6.Successful backdoor listing with a total consideration of HK$7.5 billion。

But at the time，Wanda Hong Kong, which initiated the offer, did not directly complete the acquisition，But with Wanda Commercial，Co-nominate Wanda Overseas as the offeror。According to the announcement at the time，Wanda Overseas is registered in the British Virgin Islands，is a wholly-owned subsidiary of Wanda Hong Kong。

In other words，Although Wanda Hong Kong and Wanda Overseas are both subsidiaries of Wanda Commercial，However, the backdoor operation 188bet online sports betting that year was not directly controlled through its Hong Kong company，Instead, Wanda Overseas, registered in the Virgin Islands, is the controlling party。

Based on the above information，Once the transfer of controlling interest in Wanda Hotel is realized，This listing platform will be completely owned by Wang Jianlin personally，And if the alternative plan to acquire Wanda Overseas is finally implemented，Then Wanda Overseas will also be separated from Wanda’s commercial real estate system，And indirectly the listing platform of Wang Jianlin Holdings。

Over the past few years，Wanda Hong Kong、Wanda Overseas and Wanda Hotel Development jointly play the role of a platform for Wanda’s overseas acquisitions，Includes London, UK、Chicago, United States、The acquisition of projects in Sydney, Australia and other areas are all completed through this platform。

However，August 9 this year，Wanda Hotel Development announced that it is preparing to sell the controlling stake in the above overseas projects to Dalian Wanda Commercial Real Estate。During that asset transfer，Wang Jianlin also plans to convert Wanda Cultural Tourism Creative Group、Wanda Hotel Management (Hong Kong) Co., Ltd.，Packaged into the listing platform。

If the adjustment in August is finally implemented，Then the actual assets owned by Wanda Hotel Development will be greatly reduced。After taking back overseas projects，Although on the surface it seems that the company also owns part of the cultural tourism 188bet app download and hotel industries，But actually，Wanda’s major cultural tourism and hotel assets have been sold in July this year。

When previously injecting Wanda cultural tourism and hotel industry into Wanda Hotel，Wanda also claimed that it will use this listed platform as its main asset-light export in the future。But if this agreement is fulfilled，Then Wanda Hotel Development will be directly separated from Wanda’s business lines。

In fact，Wang Jianlin takes the business into his own hands，There are precedents before。July 2016，Wanda Group excludes Wanda Department Store for the first time when announcing its mid-year performance report，According to the announcement at the time，Wanda Department Store was then classified as Wang Jianlin’s personal company，Therefore not included in the group report。

Some people in the industry thought that，For Wang Jianlin who likes to pursue digital growth，Excluding department stores from Wanda’s system，Personally owned，The main reason is that Wanda Department Store has suffered serious losses and poor performance in recent years。

Another thing that needs to be explained is，Since this agreement is not yet legally binding，Wanda Hotel announced that it will sign a definitive agreement no later than January 31, 2018。

Since this equity transfer involves changes in the controlling shareholder of the listed company，But the ultimate controlling shareholder is Wang Jianlin before and after the transfer agreement，Therefore, the Hong Kong Securities and Futures Commission has 188bet sports betting app download approved its exemption from the general offer obligation。Announcement also says，If the transfer target is Wanda Overseas Shares，Not directly Wanda Hotel shares，The company will once again update its application to the Hong Kong Securities and Futures Commission。

188bet sports betting app download Source: Jiemian News, Reporter: LiuShiyang, original title: "After continuous moves, Wanda Hotel may develop into Wang Jianlin’s personal company》