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Equity Bottom-Up

Dalian Wanda Commercial Properties / Equity Bottom-Up

Dalian Wanda Commercial Properties (1567411D HK)

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<li>Cash-strapped developer Dalian Wanda Group Co. Ltd. can breathe a temporary sigh of relief having reached an agreement with investors to avoid an immediate repayment of more than 40 billion yuan ($5.6 billion) for an unfulfilled flotation of its property management unit.</li>
<li>Wanda faced having to repay a group of investors their 38-billion-yuan investments plus interest under a 2021 agreement if the developer failed to list its light-asset unit, Zhuhai Wanda Commercial Management Group Co. Ltd., by the end of this year.</li>
<li>As Zhuhai Wanda’s listing plan failed despite <a href="https://www.caixinglobal.com/2023-06-30/wanda-unit-files-fourth-hong-kong-ipo-application-102070706.html" target="_blank" rel="noopener">four attempts</a>, the repayment obligation became a ticking time bomb hanging over the company, which is struggling with capital drains amid plunging sales.</li>
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Cash-strapped developer Dalian Wanda Group Co. Ltd. can breathe a temporary sigh of relief having reached an agreement with investors to avoid an immediate repayment of more than 40 billion yuan ($5.6 billion) for an unfulfilled flotation of its property management unit.
Wanda faced having to repay a group of investors their 38-billion-yuan investments plus interest under a 2021 agreement if the developer failed to list its light-asset unit, Zhuhai Wanda Commercial Management Group Co. Ltd., by the end of this year.
As Zhuhai Wanda’s listing plan failed despite four attempts, the repayment obligation became a ticking time bomb hanging over the company, which is struggling with capital drains amid plunging sales.


Wanda Commercial Management Group (1877881D CH)

Wanda Reaches Deal with Investors to Avoid $5.6 Billion Immediate Repayment 