Chinese real estate giant Dalian Wanda Group Co., Ltd. and its chairman Wang Jianlin have been hit by consecutive freezes on their equity, as Wanda continues to sell assets to generate liquidity.
Legal litigation information from Tianyancha shows that on February 13, Wang Jianlin had two additional equity freeze notices. The companies whose equity was frozen are Dalian Wanda Group Co., Ltd. and Dalian Wanda Commercial Management Group Co., Ltd., with frozen equity amounts of 2.4 million yuan and 9.6 million yuan respectively, and both freezes are set for a period of 2 years, with the executing court being the Xigang District Court in Dalian.
Earlier on February 11, Dalian Hexing Investment Co., Ltd., jointly owned by Wang Jianlin and Wang Sicong, had a new equity freeze notice with Wang Jianlin listed as the person whose equity was frozen, with an amount of 77.028 million yuan.
According to Tianyancha, Dalian Hexing Investment Co., Ltd. was established in April 2007, with Wang Jianlin as the legal representative, a registered capital of 78.6 million yuan, and its business scope includes project investment, investment consulting management, and economic information consulting, with Wang Jianlin holding 98% of the shares and Wang Sicong holding 2%. It is worth noting that the 1.572 million yuan equity owned by Wang Sicong was pledged and frozen in 2019.
On the same day, February 13, Dalian Wanda Group also had a new equity freeze notice for Wanda Cultural Industry Co., Ltd., with a frozen equity amount of 100 million yuan, and the freeze period is from February 13, 2025 to February 12, 2028, with the executing court being the Hengqin Guangdong-Macau-Shenzhen Cooperation Zone Court.
According to Securities Times, the total amount frozen by the group has reached around 6 billion yuan.
It is worth noting that companies under Wang Jianlin’s control are frequently selling assets to generate liquidity.
On the evening of February 16, Wanda Film announced that shareholder Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) (referred to as “Shenxian Rongzhi”) holding more than 5% of the shares of the company, intends to reduce its shareholding by no more than 3% for its own funding needs. Tianyancha shows that Shenxian Rongzhi’s controlling shareholder is Dalian Wanda Group, with Wang Jianlin as the actual controller.
Dalian Wanda Commercial Management Group Co., Ltd., controlled by Wang Jianlin, is also selling its assets frequently. According to Tianyancha information, since the beginning of 2025, the company has sold 5 Wanda Plazas.
These developments reflect the challenges faced by Dalian Wanda Group and Wang Jianlin in managing their assets and liquidity, as well as the ongoing restructuring efforts within the company amidst financial pressures.