-Why did Dong Mingzhu invest in Zhuhai Yinlong with all his might?

Why did Dong Mingzhu invest in Zhuhai Yinlong with all his might?
author:enerbyte source:本站 click202 Release date: 2023-10-16 08:46:23
abstract:
For Wang Jianlin, the investment is not so much based on his understanding of Zhuhai Yinlong, but rather on his "support" for Dong Mingzhu. According to Wei Yincang, Chairman of Yinlong Group, "Wanda Group did not conduct due diligence, it was entirely for the sake of Mr. Dong...

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For Wang Jianlin, the investment is not so much based on his understanding of Zhuhai Yinlong, but rather on his "support" for Dong Mingzhu. According to Wei Yincang, Chairman of Yinlong Group, "Wanda Group did not conduct due diligence, it was entirely for the sake of Mr. Dong

Dong Mingzhu's investment in Zhuhai Yinlong can be described as a "desperate gamble".

I am willing to invest all my assets in Yinlongzhong today, "Dong Mingzhu said at the" China Manufacturing Summit Forum "on December 15th. She did not disclose the specific amount, but insiders pointed out that Dong Mingzhu's personal investment in Yinlong was as high as 1 billion yuan.

For Dong Mingzhu, it is not only a pledge of all assets, but also a complete credit endorsement. In addition to Dong Mingzhu himself, there were also four companies that jointly signed a capital increase agreement with the original shareholders of Zhuhai Yinlong, including CIMC subsidiary, Beijing Yanzhao Huijin International Investment Co., Ltd., Dalian Wanda Group Co., Ltd., and Jiangsu Jingdong Bangneng Investment Management Co., Ltd. The five parties jointly increased their capital by 3 billion yuan and obtained 22.388% of the equity of Zhuhai Yinlong. Among them, CIMC's subsidiary invested 200 million yuan, while Wanda Group invested 500 million yuan.

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