Wanda Real Estate Introduces Hong Kong Capital or Lists in Singapore for Split Assets


Wanda Real Estate Group, which carries Wanda’s residential real estate business, has undergone subtle changes in ownership structure.
According to industrial and commercial registration information, on July 29, Wanda Real Estate Group changed its investor and registered capital, which was 100% controlled by Dalian Wanda Group Co., Ltd. and changed to a joint ownership of Dalian Wanda Group and Futai (Hong Kong) Investment Co., Ltd. with the latter holding 5%.
Futai (Hong Kong) Investment Co., Ltd. (hereinafter referred to as Futai Hong Kong), English name FUTAI (HK) INVESTMENT CORPORATION LIMITED, “Prism” inquiries about Hong Kong industrial and commercial information learned that the company just registered on July 8, 2019.
Who are the major shareholders of Futai Hong Kong? What is the purpose of Wanda’s introduction to Futai Hong Kong? A Hong Kong investor’s analysis of Prism shows that there are two possibilities for Wanda to do so.——
First, Futai Hong Kong’s major shareholder or Wanda Group itself, Wanda Group through this way to introduce Hong Kong capital for Wanda Real Estate, become a Sino-foreign joint venture, to facilitate the existence of preferential investment policies in Hong Kong and Macao.
Second, the shareholders behind Futai Hong Kong may also be strategic investors such as investment banks to facilitate the listing of Wanda Real Estate in Singapore.
In June 2019, according to foreign media reports, Wanda Group Co., Ltd. plans to list a real estate business in Singapore in the form of Real Estate Trust Fund (REITS) with a valuation of more than $1 billion.
Wang Jianlin, who has pledged to get rid of the real estate business and realize the transformation, is still unable to give up the real estate completely. Since 2019, Wanda of Wang Jianlin has been taking over land frequently in Yichang, Hubei, Yan’an, Shaanxi and Tianshui, Gansu.
A person close to Wanda said that since Wanda’s delisting in Hong Kong, it has failed to seek a listing of A shares for several years, so Wang Jianlin’s idea is to split its assets and list each sector independently.
For example, on July 26, Wanda Sports went to the U.S. for listing, falling 35.5% on the first day of listing and 2.91% on the next day.
Wanda Group has not yet responded to who is the shareholder behind Futai Hong Kong and the purpose of Wanda Real Estate’s introduction into Futai Hong Kong.