Wang Jianlin Buys Back a Wanda Plaza for the First Time: Yantai Zhifu Plaza Returns to Wanda

On December 2, Yantai Zhifu Wanda Plaza Co. underwent a corporate change. Kunhua (Tianjin) Equity Investment Partnership and Kunyuanchengxing (Xiamen) Investment Management Consulting Co. exited as shareholders, while Shanghai Wanda Ruichi Enterprise Management Co. became the sole shareholder. Several senior executives also changed.

Shanghai Wanda Ruichi is a subsidiary of Dalian Wanda Commercial Management Group, the core enterprise of Wang Jianlin’s Wanda Group. This marks the first time Wanda has repurchased a plaza after selling over 80 Wanda Plazas.

Yantai Zhifu Wanda Plaza, established in November 2010 with a registered capital of CNY 708 million, focuses on property leasing and management. Last July, Dalian Wanda Commercial Management exited, and Kunhua Investment and Kunyu Investment under New China Life Insurance became shareholders.

In recent years, Wanda has sold assets to relieve debt pressure. This year alone, it sold 100% of Wanda Hotel Management (CNY 2.49 billion) and 30% of Kuaipay Financial (CNY 240 million), along with over 80 Wanda Plaza projects. The repurchase reflects Wanda Group’s strategic asset consolidation.