According to the industrial and commercial information, the investor of the company changed from Dalian Wanda Commercial Real Estate Co., Ltd. to Pearl River Life Insurance Co., Ltd.

Zhujiang Life Insurance, headquartered in Guangzhou, Guangdong Province, opened on December 28, 2012 and was invested and established by Zhujiang Investment Holding, Guangzhou Financial Holding, Guangdong New South Group and other companies, with a registered capital of 6.7 billion yuan.

The legal representatives of Zhujiang Investment, New South Group and Hanjian Investment are Zhu Yihang, Zhu Lai and Zhu Weihang respectively. They are all relatives of Zhu Mengyi, Chairman of the Board of Directors of Hesheng Chuangzhan (0754. HK).

According to the information released on the official website of Wanda Group, Nanchang West Lake Wanda Plaza opened on June 23 this year, with a total floor area of 147800 square meters. On the first day of opening, 270000 people visited Wanda Plaza, with a turnover of 14 million yuan. The square covers catering, clothing, boutiques, children, experience and other businesses.

However, less than half a month after its opening, Nanchang West Lake Wanda Plaza changed its ownership.

In addition, on June 8, the actual controller of Jiujiang Wanda Real Estate Co., Ltd. changed from "Dalian Wanda Commercial Real Estate Co., Ltd." to "China Minsheng Trust Co., Ltd."; On May 27, the actual controller of Fuzhou Wanda Plaza Investment Co., Ltd. also became "China Minsheng Trust Co., Ltd.".

On April 17, Wanda Commercial sold all the shares of Yancheng Wanda Plaza to CITIC Trust.

As Wanda Commercial did not disclose the details of these two transactions, how much did Wanda sell? What is the specific operation mode of Wanda Plaza after the change of shareholders? Not yet known.

However, the light asset operation mode of Wanda Plaza before benchmarking should be that Wanda is responsible for brand operation, design, investment promotion, etc., and the net rent is shared with the investor in proportion.

Up to now, Wanda has opened more than 200 Wanda Plaza, and the Wanda Plaza with heavy asset model accounts for more than 80% of the total Wanda Plaza projects.

In addition to selling several Wanda Plaza, Wang Jianlin also made a major move to reduce the capital of Wanda Plaza Co., Ltd., which is 100% owned by Wanda Commercial.

According to the exclusive information of K Line of the real estate, from May 9, 2017 to June 29, 2017, Wanda Commercial reduced the registered capital of at least 20 Wanda Plaza Limited companies to 50 million yuan in two months.

According to the industrial and commercial information, the capital reduction of these 20 Wanda Plaza Co., Ltd. was relatively large, and the registered capital of 9 Wanda Plaza decreased by more than 90%. The biggest drop was Tangshan Wanda Plaza Investment Co., Ltd., whose registered capital was reduced from 2.4 billion yuan to 50 million yuan.

Some analysts said that, generally speaking, there are many situations for the company to reduce its capital. One of them is that the company is ordered by the relevant administrative authority to reduce its registered capital, which means that after being audited by industry and commerce and tax authorities, the company must reduce its capital if it believes that it is suffering from serious losses or the capital is not real. The capital reduction can pay the accumulated debts in a lump sum, and can be combined with the dividend increase to make up the accumulated losses.

Of course, there are several other situations: capital surplus, that is, the company does not need the existing amount of registered capital for normal production and operation or to reduce the business scale; The Company's registered capital is still unable to be paid in due time; The Company's false statements, false statements and withdrawal of registered capital cannot be corrected after being punished.

However, it is very strange that when Wanda Plaza reduced its capital, the registered capital of some Wanda Cities increased significantly.

On July 10, Wanda announced that it would sell 91% of the shares of 13 cultural tourism cities to Rongchuang at a price of 33.595 billion yuan (an increase of 14.3 billion yuan later). From July 11 to July 19, the registered capital of 6 of the 13 Wanda cities increased.

Among them, Wuxi Wanda City has the largest capital increase, with its registered capital increasing from 500 million yuan to 4 billion yuan; Chongqing Wanda City also increased from 500 million yuan to 3 billion yuan; The remaining four Wanda cities were all increased to 2 billion yuan.

This is seen as a capital action after Rongchuang acquired Wanda City, because capital increase can adjust the shareholder structure and shareholding ratio, and also means the increase of working capital. If Rongchuang needs to borrow from financial institutions after the acquisition, its loan limit will also be expanded accordingly.

Will Wang Jianlin sell Wanda Plaza in succession? How many brands are left in Wanda Commercial? How will I sprint back to A? This is a mystery.