After Abandoning A Shares, Wanda Business Intends To Visit Hong Kong Stocks.

Recently, the market has reported Wanda Commercial real estate will be in Hongkong's overall IP O news, and the highest fund-raising of $6 billion, is expected to become the largest market in Hongkong history of the real estate business listed pactions.

In August 25, 2014, Wanda Commercial Real Estate (Group) Limited announced its interim results in 2014. As at June 30, 2014, the company recorded an income of HK $88 million 700 thousand, down 92.26% from HK $1 billion 146 million in the same period in 2013. The shareholders' equity accounted for HK $57 million 800 thousand.

Crown the name of "Wanda Commercial real estate", but the income of HK $88 million 700 thousand in half a year is incompatible with the title of the leader of commercial real estate.

In fact, Wanda Commercial Real Estate (Group) Co., Ltd. is just a shell company of Wanda in Hongkong, and Wanda has not injected too much assets into the shell company.

So far, Wanda Group has two listed companies, namely, Wanda Commercial real estate, which is backdoor listed in Hongkong, and the A M C cinema listed on the US NYSE.

But these two listed companies can not be called Wanda's main companies.

The scale of assets of 460 billion yuan can be ranked 20 in the A share market, but due to bad luck and "real estate" is not seen, Wanda listed road has not been so smooth.

Wanda's listing dream began in 2005, when Hongkong's R E IT s (real estate investment trust) was listed on the market. Wanda was ready to package 9 Commercial squares abroad to issue R E IT s, raising its target above $1 billion.

However, in July 2006, the state ministries and commissions jointly issued document No. 171, which strictly restricted the acquisition of mainland property by foreign companies. The Wanda R E IT s project was forced to run aground.

After REIT s failed, Wanda wanted to go to Hongkong's red chips, but unfortunately it was also blocked by regulators.

In 2007, Wang Jianlin began to consider Wanda's A share listing in China.

According to the plan, the SFC accepted Wanda listing application in 2010, but the property market regulation has disrupted the plan behind.

The financing channels for housing enterprises have been tightened up, and almost all Real Estate Company's listed businesses have been suspended.

By 2013, the road of Wanda listing has finally taken a substantial step.

Wanda's backdoor Hong Kong listed companies Hengli real estate successfully landed in Hongkong capital market in the year. At the end of the year, Wanda's A MC theater was also successfully listed on the NYSE.

After successful backdoor listing in Hongkong, the shell company named Wanda Commercial real estate was expected to have high hopes.

However, according to the Listing Rules of Hongkong, within 24 months after buying the shell, any index of the five core indicators of shell assets acquisition, assets proportion, profit proportion, income ratio, cost ratio and share capital ratio of the shell company will exceed 100%, which will constitute a "very important purchase" and will be dealt with according to the listing of new shares, which will make it meaningless to buy the shell.

This also means that in a short time, the little shell can do very little for Wanda.

Wanda Hongkong has been backdoor listing for a year. Now, there are 5 projects in the shell business of Wanda Commercial real estate, namely, Hengli City, Fuzhou, China, Guilin, Wanda Plaza, London five star complex, European Union joint venture platform and Spain Madrid project, American continent joint venture platform and Chicago project, Australia joint venture platform and Australia Gold Coast jewelry project.

It can be seen that "Wanda Commercial real estate" in addition to a Guilin Wanda Plaza project, and the real Wanda Commercial real estate almost nothing.

And the real sense of Wanda Commercial real estate, this year is still in the domestic A shares queuing in the market.

Prior to this, Wang Jianlin told reporters in Nandu that Wanda Commercial real estate had been queuing for A shares for a long time, but it was limited by the state's macroeconomic regulation and control policy.

Sure enough, in July 1st of this year, the A shares of Wanda Commercial real estate listed again.

The CSRC announced that the commercial real estate had been terminated for failing to submit the pre disclosure materials according to the rules and the financial information in the application documents exceeded the validity period for 3 months.

At the same time, in the Shenzhen Stock Exchange, the small and medium board queuing Wanda cinema has also been suspended by the announcement.

Because the technology problem has not been updated, the technical problem has been terminated. As the 95 leading Wanda Plaza and the leading commercial real estate in China, it will soon become the world's largest real estate enterprise, and has already had enough nails in the A stock market.

In July 2nd, in view of the termination of the censorship, Wanda issued a notice, which has the flavor of "no gentleman here."

According to the announcement, Wanda Group has been improving itself in the past four years, forming a unique business mode of commercial real estate.

In 2013, the world's three largest rating agencies awarded Wanda Commercial real estate industry's highest investment grade rating, the two successful issue of overseas dollar bonds, also fully illustrated the capital market's high recognition of Wanda Commercial real estate.

In the future, Wanda Commercial real estate will actively explore various ways to enter the capital market, and voluntarily abandon the listing process of A shares.

In an interview with Wang Jianlin before, he also made it clear: "as long as we make real profits, where to go on the market, what kind of capital platform to use is all right.

If the mainland does not allow us to go public, it will be able to list assets into Hongkong as well as some platforms.

He also said that Wanda would not wait too long in any form of listing.

In July 12th, coincided with Wanda's semi annual summary meeting, Wang Jianlin listed 8 major events to be done in the second half of the year to promote listing.

"Wanda now has 2 listed companies overseas, but they are not the main companies of Wanda. This year's goal is to push 1 to 2 major companies listed."

Wang Jianlin said.

In order to achieve the goal of listing rapidly, Wanda is a real leader. The group has established a special organization. Ding Benxi, President of Wanda Group, is the group leader. Wang Guiya, the director of Wanda Group, who has been dug up by the CCB, is the deputy head of the group.

"Which departments should be involved and which departments should go all out?"

Wang Jianlin said.

As soon as possible, in August 25th, the Hongkong shell company announced that it would focus on building an investment and operation platform for overseas integrated real estate projects, which will be the main source of Wanda's own brand hotels. The name will also be changed from "Wanda Commercial Real Estate (Group) Co., Ltd." to "Wanda Hotel Development Co., Ltd.".

This is equivalent to the name of the real Wanda Commercial real estate listed in Hong Kong.

In August 29th, Wanda and Baidu and Tencent jointly created the world's largest O 2O provider, which also chose the location of registration in Hongkong.

Insiders say that as one of the sustainable profit models for the future listing, "Teng million" is set up for Wanda Commercial real estate IPO road layout.

Recently, Ali global roadshow, officially known as the largest IPO in the history of the US stock market, has officially started, and Wang Jianlin, who has just won the richest title by Ma Yun, has also heard the news of Wanda Commercial real estate listing in Hongkong in early September.

According to the Wall Street journal, Dalian Wanda Group is planning to launch its real estate subsidiary in Hongkong at the end of this year. The scale of financing may be between 5 billion and 6 billion dollars. China International Capital Co and HSBC holdings are employed as IP O sponsors.

As a result, Wanda Commercial real estate is also expected to become the largest listed real estate business in Hongkong market.

According to the HKEx, the minimum public shareholding of companies listed on the main board of Hongkong is 25%. If the pedestrian market exceeds HK $4 billion, the minimum can be reduced to 10%.. According to the ratio of 10%, the market value of Wanda will reach 60 billion USD (about 368 billion 400 million RMB).

In response, Wanda has not yet made a clear response to the media.

As for why it has been pushing the market, Wang Jianlin has always insisted that it is not for money.

"Listing has 500 billion main assets for Wanda, and more than 100 enterprises that are building Wanda Plaza.

Our listing is mainly considering Wanda's Centennial foundation, how to become a pparent company, how to strengthen supervision and how to make the company safer? "