Wanda's 50 million shares of Beiyin Consumer Finance have been frozen!

Recently, Qichacha reported that the 50 million equity shares of Beiyin Consumer Finance Co., Ltd. (hereinafter referred to as “Beiyin Consumer Finance”) held by Dalian Wanda Group Co., Ltd. (hereinafter referred to as “Wanda Group”) have been frozen by the Shanghai Financial Court, with the freezing period from March 13, 2026 to March 12, 2029.

This is also the entirety of the equity stake Beiyin Consumer Finance that Wanda Group holds.

Beiyin Consumer Finance was established in February 2010. It is the first consumer finance company in China to be publicly listed and begin operations, and was established through a sole investment from Bank of Beijing with capital of 300 million yuan.

In 2013, Beiyin Consumer Finance carried out a fund introduction and restructuring, bringing in Spain’s Santander Consumer Finance, as well as a large number of well-known domestic private enterprises including Dalian Wanda Group and Legend Holdings, with its registered capital increased to 850 million yuan.

Earlier this year, Beiyin Consumer Finance was approved to increase its capital to 1 billion yuan in the form of converting capital reserve into registered capital.

In addition, Wanda Group had previously publicly auctioned 70% of the equity interest in its Shanghai Wanda Microloan, but both times the listings ended with the shares failing to sell.

Source: Hejin Finance

Statement: This article is for knowledge sharing only, and is intended to convey more information! This article does not constitute any investment advice. Anyone who makes an investment decision based on this assumes all risk.