＂1.90 billion equity is frozen＂, Wanda Group responded

Red Star Capital Bureau reported on June 8 that Dalian Wanda Group Inc., Ltd. (hereinafter referred to as "Wanda Group") issued a statement on the official website of "Dalian Wanda Commercial Management 1.90 billion shares were frozen".

The statement said that Wanda Real Estate Group and a certain enterprise have cooperated in a large-scale project in Changchun, and there are still about 1 billion yuan in financial disputes between the two parties. When Wanda Commercial Management introduced investors in 2018, the valuation of Wanda Commercial Management 4.527 billion equity was already 243 billion yuan at that time, which was public information. The freezing of Wanda Commercial Management 1.90 billion equity greatly exceeds the amount of financial disputes between the two parties. Wanda is appealing through legal channels and is confident in safeguarding the legitimate rights and interests of Wanda Group.

Screenshot from Wanda Group official website

Previously, on June 5, Wanda Group added two new equity freezing information, the equity was executed by the target companies are Dalian Wanda Commercial Management Group joint stock company (Dalian Wanda Commercial Management), the total amount of frozen equity is about 1.979 billion yuan.

Screenshot from Tianyancha