Dalian Wanda Commerical Properties 3699

Re: Dalian Wanda Commerical Properties IPO 3699

Postby winston » Tue Dec 09, 2014 7:19 pm

Dalian Wanda Commercial Properties (03699.HK) to start IPO tmr

Dalian Wanda Commercial Properties (03699.HK) announced that it intends to issue 600 million H shares globally, of which 5% will be for public offering, while 95% for international placing, attached with 15% over-allotment option.

The price range for each share is between $41.8 and $49.8.

The public offering will start from tomorrow until 15 December.

The shares will be priced on 16 December, and officially listed on 23 December.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties IPO 3699

Postby winston » Wed Dec 10, 2014 6:42 am

Dalian Wanda Commercial Properties opens its retail book today targeting HK$29.76 billion.

The world's largest pure-play commercial developer priced shares at HK$41.80 to HK$49.60, representing an entry cost of at least HK$5,009.98. Trading debut is set for December 23.

Executive director Qi Jie said the firm is confident of achieving the sales target this year.

Chairman Ding Benxi said the firm has no plan yet to develop business in the SAR but is open to cooperation with local developers

Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties IPO 3699

Postby winston » Thu Dec 11, 2014 4:12 am

Dalian Wanda Commercial Properties received HK$204.05 million margin orders from eight brokers on the first day of retail bookbuilding, only 14 percent of the HK$1.49 billion target in the retail tranche.

Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties IPO 3699

Postby winston » Tue Dec 23, 2014 6:40 am

Wanda unit flat ahead of debut by Jennifer Li

The stock of Dalian Wanda Commercial Properties (3699) which undertook Hong Kong's largest initial public offering of the year starts trading today. But it staged a mediocre performance in gray market trading yesterday.

The world's second-largest pure- play commercial developer priced its shares at HK$48 apiece, close to the higher side of the HK$41.80- HK$49.60 indicative range after its retail tranche was oversubscribed 4.32 times.

Dalian Wanda's stock opened at HK$48.60 and hit an intraday low of HK$47 on Phillip Securities' platform. It closed at HK$48.20, chalking up a HK$20 profit for a board lot of 100 shares.

On Bright Smart Securities' platform, the stock surged to an intraday high of HK$49, closing at its offer price and failing to generate any profit.

Wanda Group's property unit raised HK$28.8 billion from its IPO, making its owner, Wang Jianlin, China's richest man again.

Wang warned last week that the golden age for the mainland property market has passed, and the parent conglomerate is turning to the culture industry, aiming to generate from the sector about 100 billion yuan (HK$124.69 billion) by 2020

Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties 3699

Postby investar » Thu May 14, 2015 5:00 pm

Found this while looking for the most interesting new MSCI China reshuffle advantage play

Dalian Wanda, China Vanke To Partner Up: Win-Win Situation. By Shuli Ren

Chinese media reported that China’s two real estate titans will team up.

Residential and office real estate developer China Vanke (2202.Hong Kong) and commercial developer Dalian Wanda (3699.Hong Kong) will form a partnership, likely to co-develop mixed-used projects, with Wanda focusing on the investment properties portion, mainly its flagship malls, and Vanke focusing on development projects, mainly housing and offices.

We can expect a fair amount of synergies. The pair has a lot of geographical overlap – not surprising because they are the biggest names in China. 48 cities in China, 20 in the lower-tier cities, have both Wanda and Vanke’s projects.

This partnership is a win-win situation and addresses investors’ key concerns on both stocks, according to Credit Suisse analysts Jinsong Du and Kelvin Tam.

Investors are worried about Vanke’s low margin and large size, i.e., lower revenue growth – and Wanda could help. For example, one of Vanke’s key disadvantages was high land cost. Wanda, on the other hand, can get land cheap because of its cozy relationship with local governments. ” Vanke’s potential JV with Wanda may obtain a development property gross margin up to 20 percentage points higher than Vanke’s current average of 26%,” wrote the Credit Suisse analysts. Wow.

Meanwhile, investors are worried about Wanda’s inventory in lower-tier oversupplied cities. Vanke can help: “If a significant number of those projects introduce Vanke as the JV partner to develop and sell the DP portions, we expect it to alleviate the concern.”

Once this partnership forms, Wanda. trading at 30% discount to its net asset value, is looking really cheap. As such, Credit Suisse raised their price target from 60 Hong Kong dollars to HK$81.

Also, don’t forget MSCI yesterday included Wanda in its family of indexes.

This morning, Vanke jumped 5.9%, Dalian Wanda rose 1.9% trading at HK$68.30.

Source: Barron's Asia
investar
Foreman
 
Posts: 387
Joined: Tue Feb 16, 2010 11:59 pm

Re: Dalian Wanda Commerical Properties 3699

Postby winston » Mon Sep 07, 2015 6:31 am

More power tapped for plazas

Dalian Wanda Commercial Properties (3699) signed a deal with Suning Commerce Group yesterday that will see the electronics retailer open stores at Wanda plazas throughout the country.

Suning, in which ALIBABA GROUP last month took a 19.99 percent stake for US$4.6 billion (HK$35.7 billion), plans to open 40 stores at Wanda locations by year's end. It currently operates 1,600 outlets throughout the country.

For Wanda Commercial, which expects to raise its plaza numbers to 135 by year's end from more than 100 now, Suning's presence may provide a large commercial tenant with the potential to drive retail sales in a slowing economy.

"It's a win-win," Dalian Wanda chief Wang Jianlin said.

The group headed by China's richest man has been exiting traditional businesses to become a services-led conglomerate. It expects services revenue and profit to surpass property for the first time in 2016.

In August, Wanda announced a closure of the country's largest karaoke chain, Superstar, along with struggling department stores.

Consumer behavior was seeing "significant changes, inevitably hurting some large-scale retailers," Wanda Commercial president Qu Dejun said then.

Wanda and Suning are also looking to deepen cooperation in e-commerce and gain greater traction from combining their offline and online activities.

The deal will allow for both to leverage shared resources, Suning chairman Zhang Jindong said.

Source: REUTERS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

China - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Wed Nov 25, 2015 10:10 am

Wang Jianlin on Why the Wanda Phenomenon Works
http://english.caixin.com/2015-11-24/100877873.html
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22059
Joined: Wed Oct 15, 2008 4:43 pm

Re: Dalian Wanda Commerical Properties 3699

Postby winston » Thu Mar 31, 2016 8:38 am

not vested

Dalian Wanda seeking to privatize property unit


Dalian Wanda Group, chaired by China's richest man, Wang Jianlin, launched a bid last night to privatize its unit Dalian Wanda Commercial Properties (3699).

The group said in a statement to the local bourse that it is offering shareholders no less than HK$48 per share, representing a 24 percent premium to HK$38.75 its closing price yesterday. The stock surged by more than 6 percent.

Dalian Wanda Commercial Properties listed in 2014 when it issued more than 652 million shares. The privatization bid is estimated to cost about HK$31.32 billion.

The developer has been listed in Hong Kong for only 15 months, with its IPO price set at HK$48 per share. If successful, the privatization will result in its delisting. Dalian Wanda Group currently holds about 44 percent of its unit's issued shares.

Last year, the listed firm reported a 4.8 percent increase in core profit to 17 billion yuan (HK$20.37 billion). It marked the first full year of its shift to an "asset-light" strategy in which it seeks outside investments to finance its flagship shopping plazas.

The developer said it would open 50 new malls this year, adding to 133 at end-2015. But it warned that 2016 sales might fall by 39 percent to 100 billion yuan as it shifts more to generating rental and management income.

Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties 3699

Postby winston » Fri Apr 01, 2016 7:24 am

Shares soar after sale plan

Shares of Wanda Commercial Properties (3699) soared 18 percent yesterday after its parent firm floated plans to privatize the company.

Parent firm Dalian Wanda Group, chaired by China's richest man Wang Jianlin, is offering no less than HK$48 per share, marking a 24 percent premium to its closing price on Wednesday.

The stock hit a high of HK$47.2, before closing at HK$45.95, up 18 percent. Transaction volume for the stock, which has been listed for just 15 months, amounted to as high as 25.09 million shares.

For the HK$31.32 billion privatization plan to proceed, Wanda has gain consent from at least 90 percent of the shareholders. It holds a 44 percent stake.

The firm will be delisted from the local bourse should the privatization bid go through. Some experts have predicted it may list in the mainland.

Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

Re: Dalian Wanda Commerical Properties 3699

Postby winston » Mon May 23, 2016 7:31 am

Lagging shares drive Wang to buyback

China's richest man Wang Jianlin said his privatization plan for locally-listed Wanda Commercial (3699) is being driven by the fact that he cannot stand his company being severely undervalued.

In an interview with state-owned media, Wang spoke for the first time about the privatization deal.

"I have done a lot of business, and people who followed me in investment usually made money from the deals, only this time did people suffer from a loss," he said.

"I can't do harm to my friends and shareholders, so we have to privatize the firm."

He was referring to the share price of Wanda Commercial, which has never risen above its IPO price.

Wanda Commercial, a subsidiary of Wang's Dalian Wanda, declared a privatization plan for a firm that has been listed for only 15 months, offering a minimum of HK$48 per share, its IPO price in 2014.

Wang emphasized that the company had made progress in growth. "Thirty-five percent of the profit comes from rental businesses last year, up from 30 percent a year before, but our market value is even lower than net asset values, we cannot possibly bear that." he said.

He also said that Dalian Wanda is not taking a dollar out of the deal and is not going to take part in it. The firm has earlier searched for institutional investors to fund and take up the deal and then relist in the A-share market.

It was reported that Wanda promised a buyback and an interest rate of 10 to 12 percent should the relisting fail to happen by 2018. Private equity firms are among those who are interested in the deal.

The market also expects Wanda to raise its offering price by 5 to 10 percent. The share price has risen from HK$38.80 in March when the plan was announced, to HK$51.25 currently.

While the deal is likely to cost more than HK$31.32 billion, Wang said "I will not take out any loans nor bear any debts for it."

Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104534
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to D to K

Who is online

Users browsing this forum: No registered users and 2 guests

cron