Wang Jianlin mortgaged 65.04% equity of Wanda Hotel Development to Temasek for financing

On January 17, according to the information disclosed by the Hong Kong Stock Exchange, Singapore’s sovereign fund Temasek had already held 65.04% of the shares of Wanda Hotel Development on January 11, and the number of shares held was 3066043100 shares. Holding Co. Limited provided the loan while securing shares in Wanda Hotel Development. Wanda Overseas, the holding company of Wanda Hotel Development, is ultimately actually controlled by Wang Jianlin. As of January 12, Wanda Overseas held 305,504,3100 shares of the company, accounting for about 65.04% of the company’s total issued share capital. | Related reading (The Paper)

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