Wang Jianlin became the real controller of WANDA CINEMAS, and Ke Liming, the chairman of China Ruyi, went to the next city.

Ke Liming has been planning the listing of Confucian and Italian films since 2014. Nearly ten years later, with the announcement of changes in WANDA CINEMAS’s rights and interests on December 16, Ke Liming officially took over from Wang Jianlin and became the actual controller of WANDA CINEMAS, a listed company with a market value of 100 billion yuan.

With 882 million self-owned funds and 1.293 billion loans, Ke Liming became the actual controller of WANDA CINEMAS.

WANDA CINEMAS further announced the situation of changes in equity. The main body of Wanda Investment’s equity acquisition this time is Confucianism and Italian Investment. Confucianism and Italian Investment is 99% owned by Ke Liming, 1% by Beijing Zhumeng Qiming, and Beijing Zhumeng Qiming is wholly owned by Ke Liming.

According to the announcement, as of the end of September 2023, the total assets of Confucianism and Italian investment were about 271 million yuan, of which the balance of monetary funds held by enterprises was about 215,100 yuan. The total debt is 305 million yuan, and the asset-liability ratio is 112.49%. In the first three quarters, the investment revenue of Confucianism and Italy was 803,500 yuan and the net loss was 3,261,900 yuan.

The other side of this transaction is Wanda Culture, Beijing Hengrun and Wang Jianlin, who hold 20%, 29.8% and 1.2% of Wanda Investment respectively, making a total of 51%. According to the agreement, the above three parties will transfer 51% equity of Wanda Investment to Ruyi Investment at a consideration of 2.155 billion yuan. In July this year, Ruyi Film and Television, a listed company controlled by China Ruyi Agreement, bought a 49% stake in Wanda Investment for a consideration of 2.262 billion yuan.

After the completion of this transaction, Keliming will indirectly control 20% equity of WANDA CINEMAS through Wanda Investment and become the largest shareholder of the enterprise. The shareholding ratio of Wanda Culture and its concerted actors will drop to 10.9%. At this point, Ke Liming will replace Wang Jianlin and become the actual controller of WANDA CINEMAS.

In addition to the above two shareholders, Lu Lili, the wife of Shen Jun, the founder of Oriental Fortune, a listed company, is the third largest shareholder of the company, with a shareholding ratio of 8.26%. In addition, Hangzhou Zhenxi Investment, GF Securities, China Merchants Securities and other institutions are also among the top ten shareholders of the company.

From the source of funds, the announcement shows that the main investor of the acquisition of 51% equity of Wanda Investment is Ke Liming himself. In 2015, Ke Liming sold 49% of the equity of Ruyi Film for 1.323 billion yuan to the M&A fund of Tianshen Entertainment. Therefore, he has strong financial strength. Of the consideration of 2.155 billion yuan in this transaction, Ke Liming will contribute 882 million yuan with his own funds. The remaining 1.293 billion yuan was supplemented by bank loans applied by Confucianism and Italy.

After Ke Liming becomes the actual controller, he will continue to hold the management right of WANDA CINEMAS. According to the announcement, within one month after the equity delivery, Wanda Culture and its concerted actions should urge more than half of WANDA CINEMAS’s directors to resign and be replaced by the candidates recommended by Ruyi Investment, and the directors recommended by Ruyi Investment should serve as the chairman and legal representative. Wanda Culture has the right to retain two seats on the new board of directors.

After the completion of this acquisition, whether the listed company WANDA CINEMAS and its huge Wanda Cinema under its name will be renamed is also a matter of concern. According to the announcement, the scope of the equity transfer transaction does not include Wanda Investment and trademarks with "Wanda" in Chinese and English owned by enterprises such as WANDA CINEMAS. If Wanda Investment and WANDA CINEMAS need to continue to use trademarks such as WANDA CINEMAS, Wanda International Film, Wanda Cinema and Wanda Cinema in the future, they need to sign additional agreements with Wanda Culture and other relevant parties.

However, in terms of business development, WANDA CINEMAS is still supported by Wanda. At present, Wanda Culture has prompted Wanda Commercial Management to adjust the lease term for WANDA CINEMAS, and adjust the contract with less than 10 years to not less than 10 years, and it can be extended for another 10 years after the 10-year lease.

Wanda investment, which is in urgent need of capital turnover, still needs to solve the sequelae of previous performance gambling. In 2019, WANDA CINEMAS bought Wanda Film and Television from Wanda Investment and other entities in a fixed way. Wanda Investment signed a gambling agreement with WANDA CINEMAS, and the gambling period was 2018 -2022 (extended by one year due to the epidemic). At present, the performance of Wanda Film and Television in 2022 failed to meet the performance promise, which also triggered the compensation clause in the gambling agreement. In this acquisition, the transferor, such as Wanda Culture, also promised to handle the compensation obligation to avoid the negative impact on the reporting rights and interests of Confucian and Italian investment.

Deeply cultivate the capital market, or will control China Confucianism

As the protagonist of this acquisition, Ke Liming was born in 1983. After graduating from junior high school, he went to Australia to study abroad. In 2006, he obtained a master’s degree in money and banking from Griffith University in Australia. Since then, Ke Liming chose to return to China to work, first in Hong Kong for financial work, and then in Beijing, and began to enter the film and television industry.

As an investor and producer, Ke Liming has participated in the production of TV series such as Frontier of Love, No War in Peiping, nirvana in fire, legend of miyue, Let’s Love, and never gone, To Our Dying Youth, The Old Boy Raptors Across the River, Sewing Machine Band, A Little Red Flower, Hello Li Huanying, etc.

During this period, Ke Liming also tried to send Confucian and Italian films into the capital market. In 2014, the listed company Zhongji Holdings had planned to acquire Ruyi Film at a consideration of 1.5 billion yuan, but the transaction was finally stopped by the CSRC. Since then, the film industry of Confucianism and Italy has had close relations with Tianshen Entertainment and Ji Xiang, a subsidiary of Shanshan.

In 2020, Hengteng Network, a Hong Kong-listed company controlled by China Evergrande, reached an agreement with Ke Liming. In October of that year, Hengteng Network acquired Virtual Cinema Entertainment Co., Ltd. (VCEL) for a consideration of HK$ 7.2 billion, and controlled three companies, namely Ruyi Film, Beijing Jingxiu and Beijing Xiaoming, through VCEL.

Through this acquisition, Hengteng Network has acquired the film and television drama production business and online streaming pumpkin movies under the Ruyi Film Industry, and as a result, the company’s performance has achieved substantial growth. In 2021, Hengteng’s network revenue reached 2.319 billion yuan, up 840.21% year-on-year, and its net profit was 1.175 billion yuan, up 9676.57% year-on-year.

However, in 2021, with the continuous reduction of Evergrande’s shares in Hengteng Network, Ke Liming became the chairman of the company, and Hengteng Network was renamed China Ruyi the following year.

After Ke Liming took the helm of China Confucianism, he made three increases and raised a total of HK$ 6.64 billion.

In January 2022, China Ruyi issued 64 million shares to Water Lily, a subsidiary of Tencent Holdings, and 56 million shares to Liu Xue Heng, an investor, at a consideration of HK$ 2.50 per share, raising a total of HK$ 300 million. In July 2022, China Confucianism issued 163 million shares to Water Lily, 488 million shares to Sunshine Life and 325 million shares to China Handi at a consideration of HK$ 2.40 per share, raising a total of HK$ 2.340 billion. The above two fixed fund-raising activities are mainly used to expand the company’s business and supplement working capital.

In July, 2023, the company again threw out a fixed increase case, and issued 500 million shares to Water Lily, Liu Xueheng, Cubract Ventures, Yushan and Chengwan Development at a consideration of HK$ 1.6 per share, raising HK$ 4 billion. Of this fixed fundraising, 2.469 billion Hong Kong dollars (about 2.262 billion yuan) was used to acquire 49% equity of Wanda Investment. The rest of the fundraising is also used for business expansion and supplementary working capital.

As of August 31st, the largest shareholder of China Ruyi is Tencent Holdings, with a shareholding ratio of 23.80%, and Ke Liming holds 16.34% of the total share capital of China Ruyi, making it the second largest shareholder. At the same time, Ke Liming was awarded the warrants of 1.834 billion shares of China Confucianism through the personal wholly-owned company Pumpkin Films Limited. If the gambling is completed, this part of the warrants will be converted into ordinary shares, which means that under the existing shareholding ratio distribution, Ke Liming will become the largest shareholder of China Confucianism and Italy after completing the gambling commitment, and the shareholding ratio will reach 34.84%, or will win the control of China Confucianism and Italy.

By the end of June, 2023, the total assets of China Confucianism and Italy were 13.048 billion yuan, including 889 million yuan in cash and cash equivalents, 5.332 billion yuan in total liabilities and 40.86% in asset-liability ratio. In the first half of 2023, China’s revenue of Confucianism and Italy was 804 million yuan, up 23.36% year-on-year. During the period, it lost 264 million yuan, turning from profit to loss.

Increase the number of cinemas and open up the upstream and downstream industrial chains

The acquisition of WANDA CINEMAS, or will also make Ke Liming further in the film and television industry. WANDA CINEMAS also said in the announcement that Keliming’s acquisition of the equity of Wanda Investment was mainly due to the recognition of WANDA CINEMAS’s long-term investment value and confidence in its future development prospects.

In the first three quarters of 2023, WANDA CINEMAS achieved an operating income of 11.348 billion yuan, a year-on-year increase of 46.98%, and a net profit of 1.128 billion yuan, which also turned losses into losses. In terms of film production, in the first half of 2023, a number of films, such as Seeing You, Cosmic Exploration Editorial Department, Wandering Earth 2, Passion, and Put All Your Eggs in One Put, were released.

However, film production and distribution is not the main revenue source of WANDA CINEMAS. In the first half of 2023, this business only accounted for 2.93% of the total revenue of WANDA CINEMAS. The cinema assets it owns are the bulk of the company’s revenue.

According to the financial report, by the end of the first half of 2023, WANDA CINEMAS had 708 direct-operated cinemas and 149 light-asset cinemas, ranking first in the country in box office market share for 14 consecutive years.

In the first half of 2023, WANDA CINEMAS’s movie revenue alone reached 4.042 billion yuan, accounting for 58.84% of the total revenue. In addition, the sales revenue of goods, catering and advertising generated around cinemas also reached 983 million yuan and 610 million yuan respectively.

This article comes from: Cat Finance

Reporting/feedback

A group of leg exercises that people can practice at home when they are old. Try it quickly.

[Instructor in this issue]

Lou Zhikun

General Administration of Sport of China

Institute of sports medicine

Chief physician, Department of Osteoarthrosis Rehabilitation

With the popularization of national fitness, aerobics is becoming more and more popular and can be practiced anytime and anywhere.

Today brings a kind of

Online celebrity kicks aerobics.

Lift your knees and push back.

Let’s have a heartbeat together.

Decomposition Action 1: Lift the knee with one leg.

[Benefits]

Effectively exercise both lower limbs to maintain balance and stability of lower limbs.

[Action Steps]

1. Lift your knees with one leg, level your thighs, or raise your thighs according to your personal ability;

2. Hands akimbo, keep stable;

3. Pay attention to keep the pelvis level and the spine stable, and alternately do the kick before the other leg.

Decomposition action 2: one leg stretches back.

[Action Steps]

1. You can feel a little pulling feeling in the muscles on the front side of the thigh when you point to the ground behind your toes;

2. Alternating from left to right, pay attention to keep the body balanced and stable.

Combined action: lift your knees and push back.

[Benefits]

1. The flexibility of hip joint can be effectively exercised;

2. Exercise the stability of the supporting leg on the other side;

3. Bilateral alternation can exercise the coordination, stability and balance of lower limbs.

[Action Steps]

1. Bend your hips and knees and lift your thighs;

2. Stretch one leg back and point to the ground.

Source: CCTV life circle

Take stock of 5 excellent games featuring animals and experience different fun.

Most video games use human or anthropomorphic characters as the main characters, but some games take a different approach, directly using animals as the main characters, and try to restore the characteristics of animals as much as possible, which will be very special fun to play in the end. Today, Xiaobian will take stock for everyone.5 excellent games featuring animals.Let’s take a look ~

Lost/Wandering

First of all, of course, I have to mention the cat game "Lost" which has attracted much attention this year. This game is set in a declining cyber city in the future, where there are no human beings, only some strange robots are left. The player manipulated a stray cat that strayed into the city and managed to escape with the help of a small drone.

"Lost" very exquisitely restores the various actions and characteristics of cats in reality. Its body is light and agile, and it can move flexibly in narrow passages or places with great height difference. It can also interact with the bucket on the roof, the carpet on the floor and the camera under the eaves. The game also has a "meow" button, which seems to really turn the player into a cute kitten.

Although "Lost" is not rich in play elements, however, "playing the cat" has moved many players, and it has even been selected as "Golden Rocker PS Game of the Year" by players, which is enough to show everyone’s love for it.

Trick or Treat Goose/Untitled Goose Simulator

Goose, a creature, has a lovely side, but they are actually not a good crop, and they are even called "village tyrants" in the countryside. The game "Trick or Treat Goose" is a good way to restore the cute and terrible feeling of geese. You are a goose in the game, which makes the originally quiet village uneasy. You wander around the town, from the backyard to the street shops, and then to the village green space, playing pranks, stealing hats and quacking, ruining everyone’s day.

At the same time, the puzzle design of "Trick or Treat Goose" is also quite interesting, which makes full use of the various characteristics of this animal, such as it can swim to avoid human beings, it can use quack to scare human beings, and it can also use its powerful beak to grab various objects. All kinds of practical jokes are very interesting, which makes people smile after playing them.

Man-eating shark

The horror of the goose is actually just some practical jokes, but the protagonist of "Man-eating Shark" really wants to launch a deadly attack on human beings. In this game, players become sharks and experience the ultimate power of top predators to dominate the ocean. Starting from a shark cub, your task is to survive in the harsh world and eat to the top in the ecosystem.

The game scale of "Man-eating Shark" is larger than the above two works, which provides a vast and diverse open world with many different styles to explore. And players have to face not only humans, but also other wild animals such as crocodiles. At the same time, this game also has its own growth factors. If you find the right resources, you can grow and realize supernatural evolution. Players can also customize the skill attributes of sharks according to their own styles. Producers call it a "shark-playing game".

In addition, the "Man-eating Shark" has also added black humor elements. Because sharks can’t talk, the game uses a method similar to a reality show to let the narrator explain the scene, and occasionally inserts some tricks and teasing to make the game experience less tense.

Ancestors: Human Odyssey/Ancestors: Human Epic

Although the protagonists of the above three games are animals, there are still a lot of traces of modern human activities. Ancestors: The Odyssey of Mankind is to set the time back to thousands of years ago and let players experience the evolution of ancient apes. You will cross a beautiful but heartless landscape, from the top of the canopy above the dense jungle to the golden grassland on the savanna. Behind every amazing scenery, there may be terrible weather, predators and other dangers that threaten your survival.

In order to restore the feeling of ancient times as much as possible, Ancestors: Human Odyssey has adjusted many common game mechanisms. It has no map, no voice, and few tips and guidance, so that players can truly experience the dangers of ancient jungles. You must eat well, drink well, sleep well, avoid predators, make tools, strengthen the tribe, and pass on knowledge bit by bit.

Although the apes are the ancestors of human beings, when playing this game, we can still clearly feel that we are not manipulating human beings, but manipulating a wild animal, which needs to jump out of the human mindset.

Simulated goat 3

If you like to play pranks on animals, then Simulated Goat is also a very good choice. A series of new works "Simulated Goat 3" has been released at present, which perfectly maintains the advantages of the previous works, adds richer whole live and egg content, and also joins the four-person online cooperation mode, which is simply extremely happy.

In the game, you play an unattractive ewe and do whatever you want in a very realistic physical sandbox. You can rampage and destroy the normal life of NPC; You can complete all kinds of interesting challenges and use different props to get the collections hidden in the corner; You can also dress yourself up, wear all kinds of skin, become a tall sheep, striped sheep, or dress up as a roll of paper or a tea tray.

Although "Simulated Goat 3" has no touching story, no complicated and deep system, and even everywhere it goes, it is like "playing games in bugs". However, it is such a simple and unreasonable way to play to the extreme, but it can give people simple and pure relaxation and happiness.

In addition, there are some other well-known games with impersonal animals as the protagonists, such as Terminal: Extinction Eternity (relatively small), Capcom’s Great God (relatively old), and THQ’s Biochemical Variation (with mixed reviews). Do you like this kind of games featuring animals?

Wang Bo is desperate! After Hu Jinqiu+Sun Minghui was completely injured, Cummings was reimbursed in the first stage. How can I fight?

Cummings’ injury involved Guo Ailun? Sunspots are everywhere. We often say that it never rains but it pours. This sentence is really appropriate when applied to Guangsha. Wang Bo’s despair is also normal. Any coach would not be in a good mood. Last season’s playoffs, Hu Jinqiu and Zhao Yanhao were injured one after another. This season, Hu Jinqiu had already suffered a fracture before taking part in the official game. In the first game, Cummings, a foreign aid, also suffered a palm fracture, which was really too difficult for Guangsha team!

Liaoning played against Guangsha in CBA, and finally the Liaoning men’s basketball team won. Cummings, a new foreign aid from Zhejiang Dongyangguang, also performed very well. He played for 35 minutes, made 8 of 17 shots, made 4 of 7 3-pointers, and scored 23 points, 3 rebounds, 2 assists and 1 steal from four free throws. The data is still good. Because it’s only the first game of CBA, the MVP of this European league is still not used to it. I believe that after adjustment, it will definitely play its due level.

Two yuan generals were reimbursed at the beginning of the season, which was a big loss for Zhejiang Dongyangguang and head coach Wang Bo. One is the main inside center, and the other is the newly-joined defender’s foreign aid. The two lines have been hit hard, and I’m afraid the record of the first stage will be greatly affected.

However, don’t be too depressed, Wang Bo. Injuries are also a part of the competition. The previous Liaoning men’s basketball team has experienced it, and other teams have similar situations. I believe that with the passage of time, players will recover and the team’s situation will improve. Guangsha’s fighting capacity is not weak at present, so they can lower their posture first, and spend the difficult time steadily, especially for players like Xu Zhonghao. They should pay attention to their movements in the game, and don’t be punished for malicious foul, or even expelled from the game, which will eventually lead to attrition in non-combat, which will be even more costly. Mentality is very important. I hope Wang Bo can survive.

Finally, I want to explain that Cummings’ injury has nothing to do with Caring for Aaron. Two people are fighting for each other normally, and they don’t have much physical contact. There are some regional sprays with rhythm, which is not good.

The People’s Daily praised the national table tennis, but Sun Yingsha, who named the crown, did not mention Wang Manyu, see who is MVP

On November 30th, Beijing time, the World Table Tennis Championships had officially concluded. The final record of the National Table Tennis was to gain 4 gold medals and lost the men’s doubles championship.

Although there were no 5 gold medals, the results of Guoping are still very good, and it has also received praise from the official social media of the People’s Daily. However, Wang Manyu and Fan Zhendong, who played the best winner this time, did not be named. The only one who was named was Sun Yingsha who had lost the women’s singles championship. It turned out that she was the MVP of this year’s national table tennis, although she Did not win the most gold -content award.

《人民日报》亲自开口谈到了国乒这次的情况,并且晒出了九宫格图片,九宫格当中也是有国乒本次出征的大部分主力选手,包括孙颖莎,王曼昱,樊振东,梁靖崑,以及王楚钦和Lin Gaoyuan, Chen Meng and Wang Yidi and others.

They also accompanied: "The Houston World Table Tennis Championships ended in 2021, and the Chinese team ended with four gold results." Then he specifically designed Sun Yingsha: "Sun Yingsha World Table Tennis Championship harvested 2 gold and 1 silver. Each point is every point. Not easy, every player is good, hard, Chinese table tennis, pride for you! "

They recognized Sun Yingsha’s series of contributions, so they mentioned that Sun Yingsha’s two gold and one silver alone, which shows that Sun Yingsha is the real MVP. Wang Manyu did win, and completed the double championship and won the championship of the women’s singles and women’s doubles, but her performance was not as good as Sun Yingsha. Although Sun Yingsha said that the women’s singles won the runner -up, she was in the mixed doubles and her All the women’s double -line operations won the gold medal, and even Sun Yingsha was a third -line operation.

One day before the start of the final, Sun Yingsha even played 4 games in one day, a mixed doubles semi -final and a mixed doubles final, and there were two semi -finals of women’s singles and women’s doubles. Playing 4 games a day and remained full of victory. More importantly, Sun Yingsha defeated the Japanese team’s five giants Zhang Benzhi, Ito Makoto, Hayawa Miyu, Ishikawa Jiachun.

She defeated Hirano Miyu and Ishikawa Jiachun in the 1/4 finals of the Women’s Doubles, and defeated Ito Makoto and Haya Hina in the women’s doubles finals. Facing the Japanese five giants, people played 9 wins and 2 losses. The third -tier operations were better than Wang Manyu. She was the real MVP. Sun Yingsha.

What’s more?

Wang Manyu has only two gold medals, and the mixed doubles competition will go out early, but Sun Yingsha is 2 gold and 1 silver, so the "People’s Daily" will specifically recognize her. She is the real MVP. Only she has received such treatment. Liu Guoliang recognizes her. Normally, this is the treatment of the next Grand Slam and the National Table Tennis Demon King.

This may also be why Liu Guoliang and Li Yan will personally serve as Sun Yingsha’s coaches during this World Table Tennis Championships, find a problem for her, and give her a guest to feed her the ball. On the one hand, it is indeed because Sun Yingsha has no supervisor in charge, and on the other hand, it may be because Sun Yingsha has always been Liu Guoliang’s favorite first love general.