China News Service, Beijing, March 30 (Reporter Pang Wuji) The reporter learned from Wanda Group that on the 30th, Wanda introduced strategic investment, and five companies jointly invested approximately 60 billion yuan (RMB, the same below) in Dalian Xinda League Commercial Management Co., Ltd. ). According to industry insiders, this is the largest single investment in China’s private equity market in the past five years.
On the same day, PAG Investment Group, CITIC Capital, Ares Management's funds, Platinum Peony, a wholly-owned subsidiary of the Abu Dhabi Investment Authority, and Mubadala Investment Company formally signed an investment agreement in Dalian, jointly investing in Dalian Xindamen Commercial Management Co., Ltd. The company has invested about 60 billion yuan, holding a total of 60% of the shares, and Dalian Wanda Commercial Management holds 40%.
On December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment framework agreement to restructure the equity of Zhuhai Wanda Commercial Management. Dalian Wanda Commercial Management holds 40% of the shares, and investors such as Tai Meng hold 60%. According to information disclosed at the time, investors such as PAG invested approximately 38 billion yuan in Zhuhai Wanda Commercial Management in August 2021. Industry insiders commented that Zhuhai Wanda Commercial Management received reinvestment from PAG Investment Group, which relieved the listing gambling crisis.
This investment is to implement the specific content of the investment agreement on December 12, 2023. In addition to existing investors such as PAG, CITIC Capital, and Ares Management, the signatories also include new investors.
According to reports, Dalian Xindameng Commercial Management Co., Ltd. is a newly established holding company, and its subsidiary is Zhuhai Wanda Commercial Management. It is a commercial plaza operation and management platform that currently manages 496 large commercial plazas.
Huang Dewei, a partner of PAG Investment Group, said that this investment reflects the expectations and recognition of international institutional investors for the long-term development of Dalian Xindameng. (over)