Reported about 1 year ago
According to multiple Chinese media reports as of July 6, 2024, Wang Jianlin, former richest man in China and founder of Wanda Group, continues to sell assets as Wanda undergoes ongoing divestment. Despite ranking 9th on the latest wealth creation list with a combined stock value of approximately 627.9 billion NTD, Wang Jianlin and his son Wang Sicong have sold over 26 related companies since 2023. Wanda's primary core assets, Wanda Plazas and Wanda Cinemas, have seen a change in ownership, even though Wanda previously stated these assets were non-negotiable. Three types of buyers, including local enterprises, insurers, and industrial capital, have been acquiring Wanda's assets for varying purposes. As of March 2024, Wanda Commercial Management still operates 496 large commercial centers, managing the world's largest property area. This divestment trend comes after Wang Jianlin's weight loss and increased focus on asset sales.
Source: YAHOO