Chapter 1087 Exhausted
On the morning of February 21, the Weibo account "Mr. Qingzhu" sent a screenshot, an internal notice from CCB, indicating that CCB requires staff to urgently investigate whether to hold Wanda bonds. The Weibo owner said that Wanda is now facing serious debt problems, and the bank has begun to check Wanda's accounts and has begun to clear Wanda's bonds; at the same time, the Weibo owner also hinted that Wang Jianlin's backstage has collapsed and political risks are about to be ignited.
After this news was released, it was quickly forwarded by many public accounts and marketing accounts, and was pushed to the top of the hot search list on Weibo in a very short time. Netizens were talking about this, and many people believed that Wanda and Wang Jianlin had really had pills this time. If Wanda had not ended, how could Wang Sichong be arrested?
In the afternoon of the same day, Wanda Group issued a statement saying that it would sue the Weibo account that spread rumors and smeared the company; other self-media that maliciously spread rumors are collecting evidence, and once the evidence is collected, it will be prosecuted immediately.
In the statement, Wanda Group stated that the real situation is: the China Banking Regulatory Commission asked all banks to investigate the credit and risk analysis of several companies, including Wanda. The targets of the investigation are mostly private enterprise groups with fierce overseas investment in recent years and large exposure to the banking industry. The regulatory authorities will arrange on-site inspections of relevant enterprises in the near future, which are expected to be surveyed and investigate possible risks, but they have not made risk judgments.
The next morning, "First Financial Daily" published an article saying that the reporter learned from an insider of the China Banking Regulatory Commission that the regulatory department of the China Banking Regulatory Commission had previously notified: "It is required to provide an analysis of the overseas investment loans and risk of Wanda, and focus on the risks involved in cross-border business such as mergers and acquisitions, domestic guarantees and foreign loans."
The reporter also interviewed some bank executives, one of the senior executives of the financial market department of a joint-stock bank, said: "On February 19, a bank had an emergency meeting to check whether it holds assets with Wanda, and judge the risks and discuss the next risk response. Our bank does not hold relevant Wanda bonds, but also discussed this matter. As far as I know, financial institutions such as Pudong Development Bank, Industrial and Commercial Bank of China, and Construction Bank all require managers to clear up Wanda bonds."
The executive believes that the investigation is mainly based on: First, Wanda has carried out a large number of overseas mergers and acquisitions in the past two years, resulting in a large outflow of domestic funds; Second, Wanda's recent overseas mergers and acquisitions are mostly based on real estate and consumer assets, which seriously deviates from the industrial orientation of "de-virtual to real"; In addition, Wanda's overseas mergers and acquisitions are characterized by excessive reliance on high leverage expansion, and there are hidden dangers of causing systemic risks.
The person also said: "In recent years, companies like Wanda have acquired overseas mergers and acquisitions, using valuations that far exceed the normal price, to acquire a large number of intangible assets, and the prices are high, but what stories are there behind them can't be seen by people outside. There are many of them who transfer assets under investment packaging, and the country must investigate them strictly."
The publication of the article "First Financial Daily" undoubtedly confirmed the previous revelations that banks did begin to investigate and clear Wanda's bonds, which shows that Wanda's problem is really serious. Affected by this, Wanda Commercial Real Estate's stock price fell by 19.82% that day, Wanda Real Estate's US dollar bond maturing fell by 4.6 points in 2019, and Wanda encountered a "double kill of stocks and bonds".
A few years ago, Wanda used this method to deal with Century Peak. Now Century Peak is using the same method to attack Wanda, but he uses his own way to do it. However, when Century Peak quickly settled the bank, the China Banking Regulatory Commission issued a negative statement, and the State Administration of Foreign Exchange also expressed support for Century Peak; and this time Wanda was so lucky.
On February 28, a netizen broke the news on Weibo that Wang Jianlin was intercepted and detained when he was preparing to leave the country by private plane in a certain place. After talking for several hours, he was allowed to leave, but was told that he was prohibited from leaving the country. The news was then forwarded by many marketing accounts and public accounts and was broadcast wildly throughout the network. Affected by this news, the share price of Wanda Commercial Real Estate fell by nearly 10%.
Wanda reacted very quickly and quickly refuted the rumors on the official website: Recently, some people with ulterior motives fabricated various versions of vicious rumors about Mr. Wang Jianlin, chairman of Wanda Group. All rumors were made out of nothing and had ulterior motives. I hope everyone would not believe in rumors and would not spread rumors. Wanda reported the situation to relevant government departments as soon as possible and reported the case to the public security organs. Wanda Group decided to take legal measures to protect its rights and interests and hold the relevant media accountable.
On the moon and day, Huxiu's previous article titled "Don't Let Wang Jianlin Run" was forwarded by many marketing accounts and public accounts, and quickly spread to the Internet. The article pointed out that Li Ka-shing had already run away, but Li Ka-shing was different from Wang Jianlin. Li Ka-shing's own money was his freedom wherever he wanted to go. Wanda's debt was close to 00 billion, and Wanda's money was basically borrowed from domestic banks; and nearly half of it was invested overseas. Once Wang Jianlin ran abroad, he could live a comfortable life with his foreign assets; and the country could only bear the debt of this 00 billion yuan. This is your money, and it is also my money. Why should we bear it for Wang Jianlin! Never let Wang Jianlin run away!
Wanda Group quickly issued a statement on "Don't Let Wang Jianlin Run away" stating that the article maliciously slandered and slandered Wanda Group and Wang Jianlin himself, which seriously violated the facts in many places. Wanda made a series of acquisitions overseas, but the majority of Wanda's assets are in China, and 65% of the assets are in China. The people who wrote this article were extremely sinister.
In the "News 11" program broadcast on CCTV on the evening of the 5th of the month, an official from the China Banking Regulatory Commission pointed out: "The state encourages Chinese companies to go global. For example, Century Peak acquires Netflix and PMA, the acquisition of high-quality assets or acquisitions that are beneficial to the country will definitely support it. But with domestic money, squander abroad, purchase assets at any cost, and even transfer assets under the packaging of investment, the country will definitely have to manage it!"
CCTV is the mouthpiece of the government, and the official of the China Banking Regulatory Commission said this, which can be said to represent the view of the country. This time, it directly characterizes the irrational investment of private enterprises abroad as transfer assets, and even suspected of money laundering, which is undoubtedly a major statement. These words undoubtedly indicate that companies like Wanda, which are suspected of transferring assets, will enter the national control vision!
Affected by this incident, Wanda Commercial Real Estate opened the next day and plummeted by 11%. At this point, Wanda's stock price fell below 10 yuan. In less than a month, Wanda's market value evaporated by two-thirds.
On the 7th of the month, Wanda Commercial Real Estate issued an announcement stating that the company's shares will suspend trading on the Xiangjiang Exchange at 9 a.m. on the 7th of the month, 2015, pending clarification of a speculation involving a trading of the controlling shareholder. Wanda Commercial Real Estate announced that the transaction may or may not affect the company and may be sensitive to the stock price. In addition, Wanda Group has not made any comments on this.
After the announcement of Wanda Commercial Real Estate was released, it caused a lot of speculation, and media and industry insiders were speculating on Wanda's next move. Domestic analysts have different opinions. Some analysts said that Wanda Commercial Real Estate is likely to repurchase shares on a large scale and eventually delist in privatization; while others believe that Wanda may introduce the national team like Zhang Ran did in the first place to resolve the current crisis.
Zhang Ran did not speculate on what Wanda would do next. After Wang Sichong was arrested, Wanda was completely finished. Moreover, Wu Ruide had no need to worry about this matter. In the past half month, Zhang Ran had no time to care about Wanda and was all in the movie. In addition to preparing for the movie "Angel of Justice", he also attended the Oscars.
"Scarlet Sun" won 11 nominations at this year's Oscars, but in the end, it failed to win a single award, and even lost to "Nun Aida" in the competition for the best foreign language film that was considered to be a sure win.
After the Oscars, many people complained about "Scarlet Body" and felt that it was not unfair to have an award in "Scarlet Body". This year's Oscar is simply a joke. However, Zhang Ran didn't care about it at all, and he wanted this effect.
"Scared Sun" does not require an Oscar, and whether or not there is an Oscar is not very meaningful to "Scared Sun". What really needs an Oscar is "Angel of Justice". Zhang Ran needs to use Oscars to expand the influence of "Angel of Justice" so that the whole world knows what Japanese people did in the first place, and what kind of attitude Japan has towards this matter now.
It is precisely because of this that Tingfeng Entertainment did not spend much effort on the public relations of "Scared Sun", but just did it. If "Scared Sun" won multiple Oscars, it would be very difficult to win the award by "Angel of Justice". Because you just won the award, others will feel that you have already won it, so this award should be given to others!
In this competition for Best Foreign Language Film, "The Sun" lost to "The Nun Ada". "The Nun Ada" is a very outstanding film, which talks about religion and history, but in the calm scenes, the waves are turbulent; but compared with "The Sun", "The Nun Ada" is much inferior. "The Nun Ada" did not conduct too much public relations, but it finally won. The reason is very simple. Zhang Ran has won the Oscar for Best Foreign Language Film twice. Everyone thinks it should give others some chance!
If a movie as excellent as "Scarlet Body" has not won an award, many people will definitely hold on to the film. When "Angel of Justice" enters the Olympics, everyone will be compensated. They feel that they didn't win the award last time "Scarlet Body" and should win this time. When voting, they will tend to "Angel of Justice".
Of course, the prerequisite for getting a compensation ticket is that "Angel of Justice" must be excellent enough, at least similar to other movies. If it is at the level of "Nanjing Nanjing", there will definitely be no chance.
On the 15th of the month, Wanda and Poly Group issued a joint announcement, throwing out a big news of up to 5.2 billion yuan. Wanda transferred 91% of the registered capital, namely 24.575 billion yuan, to Poly Group, including the Xishuangbanna Wanda Cultural Tourism Project, Harbin Wanda Cultural Tourism Project, and Nanchang Wanda Cultural Tourism Project to Poly Group, and Poly Group undertakes all existing loans for the project. At the same time, Poly Group acquired 7 hotels in Wanda for 28.595 billion yuan. The two parties agreed to sign a detailed agreement before the 1st of the month and complete the payment, asset and equity delivery as soon as possible.
The announcement also shows that after the two parties agree to the delivery, the cultural and tourism project will maintain "four unchanged": one is the brand unchanged; the second is the planning content unchanged; the third is the project construction unchanged; the fourth is the operation and management unchanged. This means that the properties held by the cultural and tourism project still use the brand of "Wanda Cultural Tourism City"; the project is still developed and constructed in accordance with the government-approved plan and content; the design and construction of the property held by the project are still controlled by Wanda; the project operation and management are still managed by Wanda Company.
As soon as the announcement was released, the industry was in an uproar, and netizens exclaimed that Wanda was really about to finish, and Wang Jianlin actually started selling assets!
Chapter completed!