Is Wanda Corporation clearing out overseas properties to improve its financial situation?

Wanda once purchased a lot of real estate overseas, but now due to the epidemic, Wanda has announced that it will clear out overseas real estate. This must be done to improve financial conditions. After all, for businessmen, the best interests are important. 1. Wanda clears out overseas real estate

Many years ago, Wanda announced its attack on the overseas real estate industry. At that time, it was originally ambitious to expand globally to make a fortune and build an empire. But I didn't expect that it was precisely because of this move that Wanda's debt ratio remained high. Later, Wanda also experienced an internal crisis and had major problems with its capital chain, so Wanda had to sell its assets. Nowadays, due to the overseas epidemic, various real estate industries such as tourism have been hit hard. Wanda is selling overseas real estate projects at this time to maintain its capital chain and reduce future debts. In order for the group's current financial development to achieve better development, naturally selling it at the moment is the best choice. 2. In order to alleviate the financial crisis

And now overseas real estate cannot be the icing on the cake for Wanda Group. On the contrary, it is holding back. Now it is difficult to sell the Chicago project. In fact, It can be regarded as a timely blow to the bottom of the cauldron. Through this move, all of Wanda's overseas assets will be wiped out, and Wanda's dream of going overseas will be completely shattered. However, given the current international situation, this is a good choice. Because it can improve the financial situation, strengthen the management of the group, and achieve strategic unification. 3. Businessmen’s interests come first

It was precisely because it was discovered that overseas real estate could not bring the company the benefits that people imagined, but instead burdened it with a lot of liabilities. For these negative assets, Wanda also chose to clear them and successfully reduced its debt ratio through weight loss. But now business is hard to do, and Wanda's capital chain is also experiencing problems. In order to alleviate the situation, it can only sell its overseas businesses to achieve asset transformation.