Wang Jianlin's friend delayed payment again? Yonghui Supermarket: 590 million yuan has not yet been received

Securities Times E Company

2024-06-30 21:39The official account of "Company E" under Securities Times

Yonghui Supermarket (601933) disclosed on the evening of June 30 that the company had not received the third installment of the equity transfer payment due from Dalian Yujin Trading Co., Ltd. (hereinafter referred to as "Dalian Yujin") in full.

Previously, Yonghui Supermarket announced in December last year that it would transfer 388 million shares of Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as "Wanda Commercial") to Dalian Yujin, accounting for 1.43% of Wanda Commercial's total share capital, at a transfer price of 4.53 billion yuan.

According to the agreement, the equity transfer will be paid in eight installments, of which the third installment will be paid on June 30. In the case that the payment has not been fully received, the listed company said: "As of the date of this announcement, the number of shares corresponding to the third phase of the transfer price has not yet been delivered. ”

According to the announcement of Yonghui Supermarket, as of the date of this announcement, the company should receive a transfer price of 792 million yuan from Dalian Yujin shares, and has received a total of 200 million yuan in share transfer price, and has not yet received 592 million yuan, and the payment of share transfer money is still in progress.

Cumulatively, Dalian Yujin has paid 891 million yuan to Yonghui Supermarket. Among them, the first tranche of 300 million yuan will be paid on December 29, 2023.

The second tranche of $391 million was overdue. According to the agreement, the second instalment should be paid before March 31 this year (inclusive). But as of April 8, Yonghui Supermarket had only received 290 million yuan. It was not until April 19 that the company announced that it had received the balance of 101 million yuan.

For the reason why Dalian Yujin failed to pay on time again, the outside world does not know.

According to the enterprise investigation, Dalian Yujin is 100% owned by Beijing Yifang Mingshi Information Technology Co., Ltd. (hereinafter referred to as "Beijing Yifang"), which is a wholly-owned subsidiary of Dalian Yifang.

Dalian Yifang WeChat account said that it has formed a "2+X" strategic layout in the Bohai Rim, the Yangtze River Delta, Guangdong, Hong Kong and Macao and other key cities, and an industrial ecosystem with coordinated development of the two core businesses of urban operation and culture, sports and health.

The reporter of Securities Times E Company noticed that Dalian Yujin is backed by Dalian Yifang Group (hereinafter referred to as "Dalian Yifang"). The actual controller of Dalian Yifang is Sun Xishuang, a well-known Dalian tycoon. According to media reports, he is a good friend of Wang Jianlin, chairman of Wanda Group.

Founded in 2001 by Sun Xishuang, Dalian Yifang focuses on investing in finance, cultural tourism, education, health and other fields, and has more cooperation with Wang Jianlin's Wanda Group, according to China Fund News. Dalian Yifang is a major shareholder of Wanda Commercial Real Estate, Wanda Film, Centennial Life Insurance and other enterprises, and has jointly invested with Wanda Group in Wanda Xishuangbanna International Tourism Resort and Wanda Changbaishan International Tourism Resort. Many media said that Sun Xishuang was Wang Jianlin's "best partner".

On the 2023 Hurun Report, the Sun Xishuang family ranked 751st with a wealth of 8.1 billion yuan, down 48 places from the previous year.

Yonghui Supermarket's stake in Wanda Commercial comes from Sun Xishuang. In December 2018, Yonghui Supermarket signed a share transfer agreement with Dalian Yifang and Sun Xishuang to acquire 67.91 million shares of Wanda Commercial held by Dalian Yifang, with a transfer price of 52 yuan per share and a transfer agreement price of 3.531 billion yuan.

As for the transfer of equity, Yonghui Supermarket said that it was to revitalize the company's assets, which was in line with the company's strategy of reducing the scale of investment. The company expects its overall revenue to be $612 million after the completion of the transaction.

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