Wanda Commercial Real Estate To Hong Kong IPO Approved Financing Scale Of $6 Billion

It is worth mentioning that at present Wanda Commercial real estate approved $6 billion financing plan is far lower than the previous outgoing $10 billion, shrinking nearly $4 billion. While Wanda Commercial real estate is listed in Hong Kong, Wanda's overseas expansion has not stopped. Yesterday, it was reported that Wanda Group was interested in acquiring shareholding rights of the Lion Gate film industry, and negotiations are still in its infancy.

With the finalizing of the listing of Wanda cinema and commercial real estate, Wanda Group Chairman Wang Jianlin's annual plan "to promote 1~2 companies to go public" this year will also be realized.

　　 financing The amount is lower than expected.

According to Reuters, sources said, in December 8th, Wanda Commercial real estate will conduct IPO roadshow, the pricing date is scheduled for December 15th. Wanda will begin to measure investor interest in IPO in December 3rd.

In November 24th, according to Reuters's IFR, Wanda Commercial real estate went to IPO, China International Capital Co and HSBC were employed as IPO sponsors, and Bank of America, Merrill Lynch, BOC, Goldman Sachs and UBS took the lead.

It was reported that Wanda Commercial Real Estate's first fund-raising scale is expected to exceed 10 billion dollars. According to the HKEx, the minimum public shareholding of companies listed on the main board of Hongkong is 25%, which can be reduced to 10% if the pedestrian market exceeds HK $4 billion. If calculated by public shareholding 10%, its market value is expected to exceed US $10 billion. But at present, only 6 billion US dollars have been approved.

"In fact, the amount of financing for us $6 billion is more rational, although it is not as high as expected, but in the current market environment, it is not low enough to get this amount." Rand President Song Yanqing told the daily economic news reporter that as the leader of the domestic commercial real estate, Wanda's industry status is conducive to its higher financing amount, compared with the number of real estate companies listed in Hong Kong in the past few years.

Song Yanqing further said that the amount of financing of Wanda was lower than the expected 10 billion US dollars. On the one hand, its own rapid growth period has passed, and the capital market has limited imagination. On the other hand, the bubble of domestic commercial real estate is more serious. "I understand that many banks have tightened their lending for commercial real estate, and some cities have stopped commercial land supply.

　　 In the year list Goal will be achieved

Compared with Wanda Commercial real estate, the listing of Wanda cinema is quicker. In November 28th, the Wanda cinema obtained the last pass from the SFC and became the first stock in the domestic cinema.

It is understood that the Wanda cinema intends to issue no more than 60 million shares, raising 2 billion yuan of funds will be used for Theater Construction and supplementary liquidity. After the issuance is completed, the total share capital of the company shall not exceed 560 million shares. According to the calculation of 2 billion yuan and 60 million shares, the price of Wanda cinema is about 33 yuan, and the total market value of Wanda cinema will reach 18 billion 700 million yuan.

In fact, through the expansion of film culture, it is also Wang Jianlin's goal to tap the capital market at home and abroad. "Overseas investment, you only see real estate investment, but this is not our main direction. For Wanda, overseas investment will be dominated by entertainment and cultural industries. " At the end of October this year, Wang Jianlin said in an interview with the daily economic news that in the next two months, Wanda will have 1~2 large mergers and acquisitions overseas. By 2020, overseas income will account for 20% of Wanda's total revenue.

It is reported that Wanda Group is interested in acquiring the shareholding stake in the Lion Gate film industry, and negotiations are still in its infancy.

A person familiar with the matter told the daily economic news that Wanda did intend to acquire the Lion Gate film industry. Another goal of Wang Jianlin is to control the 20% cinema market in the world by 2020.

Less than a month away from the end of 2014, Wang Jianlin's goal of "promoting 1~2 listing this year" will become a reality. With the passing of Wanda cinema IPO and the gradual advance of commercial real estate to IPO, Wanda Group's capital territory is becoming clearer.