Sunseeker’s acquisition of Wanda

Beijing time on June 22, 2013, according to foreign media reports, Dalian Wanda Group from China agreed to invest 320 million pounds (3.065 billion yuan) to acquire 91.8% of the British Sunseeker Yachts shares. Golf star Rory McIlroy, a shareholder of British Sunseeker Yachts, will receive 2 million euros (approximately RMB 16.15 million) for this acquisition. It is reported that Dalian Wanda Group agreed to invest 320 million pounds (3.065 billion yuan) to acquire 91.8% of the shares of the British Sunseeker Yachting Company, and Wanda Group stated that it will retain all Sunseeker's existing employees. At the same time, Wanda has also invested nearly 700 million pounds to build a super five-star Wanda hotel in the core area of ??London.

Some media revealed that Wanda Group Chairman Wang Jianlin purchased a limited edition yacht built by Sunseeker International for 78 million yuan in 2010. Regarding this acquisition, Wang Jianlin said: "Domestic yachts and aircraft are top-notch luxury consumer goods, and imports require taxes that account for more than 40% of the cost. This acquisition is also to further open up the domestic yacht market. We may consider investing in China in the future." Building factories in coastal cities can significantly reduce production costs and sales prices.”