Why did Sun Hongbin buy Wanda Sunac?

The reason is that the usable area accounts for about 84% of the total construction area. According to Sun Hongbin's expectation, the development cost of cultural tourism projects will be allocated by the capital invested by the shareholders of the project company, the proceeds from the sale of the project property and/or the bank financing that these projects may raise.

In fact, Sun Hongbin only took a fancy to the residential part of Wanda Wenlv Hotel Project. The announcement shows that the total construction area of thirteen cultural tourism projects is about 58.97 million square meters.

Among them, the self-operated area is about 9.24 million square meters, and the saleable area is about 49.73 million square meters, accounting for about 84% of the total construction area. The total construction area of 76 city hotels is about 3.249 million square meters, with a total of 22,920 rooms.

Sunac made it clear that, considering (among other things) the capital demand and market environment from time to time, the company expects to allocate the development cost of cultural tourism projects with the capital invested by the shareholders of the project company, the proceeds from the sale of the project property and/or the bank financing that these projects may raise.

Besides, how did Sun Hongbin get so much money to digest this acquisition? On the surface, this acquisition of 6365438+7026 million yuan is the highest M&A amount in the real estate industry. According to the announcement issued by Sunac, Wang Jianlin gave Sun Hongbin extremely loose payment terms. Wanda's support for Sunac China's 29.6 billion three-year loan will greatly ease the financial pressure of Sunac China's acquisition.