Chinanews.com, May 5 -- "Wanda's sales performance is fraudulent", "27 billion sales of 160 Wanda Plazas", "will be acquired by China Resources Group"... Recently, rumors about Wanda have spread on the Internet.
On the 26th, in response to a number of rumors, Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as "Dalian Wanda Commercial Management") issued an announcement to urgently refute the rumors and make a concentrated response.
Screenshot from the announcement of Dalian Wanda Commercial Management Group Co., Ltd
Myth 13: Due to the delay in the listing date, the early repayment of the US$<>.<> billion syndicated loan was triggered?
Dalian Wanda Commercial Management said in the announcement that after consulting with Wanda Group, the controlling shareholder of the issuer, it is understood that Wanda Group currently has three US dollar syndicated loans overseas, with a total stock of US$13.2023 billion, and the borrowing entity is not the issuer. According to the agreement, if Zhuhai Wanda fails to complete the listing by May 5, 8, if the participating bank with more than 66.67% of the share requires repayment, Wanda Group will need to repay the loan.
After communicating between Wanda Group and the participating banks, as of the date of this announcement, no bank has proposed to require Wanda Group to repay the loan in advance, and there is no risk of triggering this clause.
On August 2021, 8, Zhuhai Wanda Commercial Management applied to the China Securities Regulatory Commission for Hong Kong stock listing, which was accepted on October 20, 2021, and submitted its listing application to the Hong Kong Stock Exchange on the 10st of the same month. Thereafter, Zhuhai Wanda Commercial Management submitted listing application materials on the Hong Kong Stock Exchange on 11 April 21 and 2022 October 4 respectively. Since the implementation of the new regulations on overseas issuance and listing on March 22, 2022, Zhuhai Wanda Commercial Management has responded positively and submitted the filing materials on April 10, and the China Securities Regulatory Commission accepted the filing materials on April 25.
Myth 2: Multiple performance fraud?
In response to the rumored performance fraud, Dalian Wanda Commercial Management said that the issuer and its subsidiaries have standardized internal management, a high degree of informatization, a sound internal control mechanism, and established perfect statistical rules and statistical calibers and statistical methods.
The financial data disclosed by the issuer to the outside world are audited by well-known audit institutions, and the business data are confirmed by due diligence by Zhuhai Commercial Management Listing Joint Sponsor and other institutions, and there is no fraud in the performance.
Screenshot from the announcement of Dalian Wanda Commercial Management Group Co., Ltd
Rumor 3: Will be acquired by China Resources Group?
Dalian Wanda Commercial Management said that China Resources Land, a subsidiary of China Resources Group, has officially responded to deny the acquisition of Wanda Real Estate Group, and called the information a rumor and the relevant rumors are untrue.
Myth 20: Wanda is considering evaluating the sale of <> shopping malls?
Dalian Wanda Commercial Management said that the company has no plans to directly sell 20 commercial plazas that have opened in Jiangsu, Zhejiang and Shanghai, and the online rumors are not true.
By the end of 2022, the company owned and operated and managed a total of 472 opened commercial plazas, including 288 self-sustaining plazas, which have the characteristics of clear property rights, stable cash flow, and large long-term value-added space, and can become qualified assets for consumer infrastructure ABS and REITs after the cultivation period.
Screenshot from the announcement of Dalian Wanda Commercial Management Group Co., Ltd
It is worth noting that not long ago, some media reported that Wanda Group will start large-scale layoffs before June to reduce personnel costs. On May 6, Wanda Group issued a statement on its official website saying that the news of Wanda's large-scale layoffs on the Internet was untrue. (End)