Wanda Cinema Line Co., Ltd. (SZSE:002739) agreed to acquire Wanda Media Co.,Ltd. from a consortium of sellers for approximately CNY 37.2 billion on May 12, 2016. Wanda Media reported total assets of CNY 30.57 billion, total shareholder's equity of CNY 13.81 billion, revenue of CNY 3.93 billion and net loss of CNY 3.97 billion as of December 31, 2015. The deal was approved by the shareholders of Wanda Media.
Wanda Cinema will issue 497.113 million shares at CNY 74.84 per share. As the part of transaction, Wanda Cinema will issue 2.6 million shares to Zhejiang Huace Film & TV Co., Ltd. Oceanwide Equity Investment will hold 33.4 million shares in Wanda Cinema Line, representing 2% stake, in Wanda Cinema. The transaction is subject to approvals from Wanda Cinema's directorate and shareholders' meeting and approval from China Securities Regulatory Commission. The transaction has been approved by the Board of Directors of Oceanwide Holdings Co., Ltd., Parent of Oceanwide Equity Investment Management Co., Ltd.

The investor group comprised of Beijing Wanda Investment Co., Ltd., Oceanwide Equity Investment Management Co., Ltd., Zhejiang Huace Film & TV Co., Ltd., Beijing Hongchuang Investment Management Center (Limited Partnership), Beijing Hongchuan Investment Management Center (Limited Partnership), Tianjin Dingshi No. 1 Asset Management Partnership (Limited Partnership), Qicheng (Shanghai) Investment Center (Limited Partnership), Qingdao West Coast Culture Industry Investment Co., Ltd., Zhang Duo, Karamay Hengying Equity Investment Limited Partnership, Macrolink Holding Co., Ltd., Shanghai Tabai Venture Capital Management Partnership (Limited Partnership), Shen County Rongzhi Xingye Management Consultancy Center (Limited Partnership), He Zhiping, Hu'ai (Beijing) Technology Co., Ltd., Suqian Qingyuan Film and Television Media Partnership (Limited Partnership), Mengyuan (Tianjin) Film & Television Asset Management Center (Limited Partnership), Shanghai Qinglin Hongyu Investment Management Center (Limited Partnership), Shanghai Huiyang Junting Investment Management Center (Limited Partnership), Henan Jianye Football Club Co., Ltd., Shenzhen Ruibo Phase II Equity Management Partnership (Limited Partnership), Giant Investment Co., Ltd., Lin Ning, Cheung Shek Investment Limited, Jiaxing Hou'an Equity Investment Partnership (Limited Partnership), Shanghai Yiguo Investment Management Partnership (Limited Partnership), Shenzhen Lechuang Dongfang Investment Enterprise (Limited Partnership), Hengqin Zhaozheng Haichang Film and Television Culture Investment Center (Limited Partnership), Xingtie Industry Investment Fund (Limited Partnership), Fuhui Yinghua (Tianjin) Enterprise Management Center (Limited Partnership), Suqian Xieheli Film and Television Media Partnership (Limited Partnership), Tibet Huaxin Equity Investment Management Partnership (Limited Partnership) and Jiaxing Puyin Growth Equity Investment Fund Partnership (Limited Partnership).


Under the transaction, Beijing Wanda Investment Co., Ltd. will sell 38.71% stake and get 192.4 million shares, Oceanwide Equity Investment Management Co., Ltd. will sell 6.72% stake and get 33.4 million shares, Zhejiang Huace Film & TV Co., Ltd. will sell 0.54% stake and get 2.7 million shares, Beijing Hongchuang Investment Management Center (Limited Partnership) will sell 6.72% stake and get 33.4 million shares, Mengyuan (Tianjin) Television Asset Management Center (Limited Partnership) will sell 2.69% stake and get 13.4 million shares, Tianjin Dingshi No. 1 Asset Management Partnership (Limited Partnership) will sell 2.69% stake and get 13.4 million shares, Zhang Duo will sell 3.3% stake and get 16.4 million shares,, Karamay Hengying Equity Investment Limited Partnership will sell 2.69% stake and get 13.4 million shares, Macrolink Holding Co., Ltd. will sell 1.61% stake and get 8.01 million shares, Shanghai Tabai Venture Capital Management Partnership (Limited Partnership) will sell 1.61% stake and get 8.01 million shares, He Zhiping will sell 0.54% stake and get 2.7 million shares. Qingdao West Coast Culture Industry Investment Co., Ltd. will sell 0.81% stake and get 4 million shares, Qicheng (Shanghai) Investment Center (Limited Partnership) will sell 1.34% stake and 6.7 million, Beijing Hongchuan Investment Management Center (Limited Partnership) will sell 6.72% stake and get 33.4 million shares, Shenzhen Ruibo Phase I Equity Management Partnership (Limited Partnership) will sell 1.88% stake and get 9.4 million shares, Shen County Rongzhi Xingye Management Consultancy Center (Limited Partnership) will sell 4.02% stake and get 20 million shares, Hu'ai (Beijing) Technology Co., Ltd. will sell 5.92% stake and get 33.4 million shares, Suqian Qingyuan Film and Television Media Partnership (Limited Partnership) will sell 4.07% stake and get 20.3 million shares, Shanghai Qinglin Hongyu Investment Management Center (Limited Partnership) will sell 1.34% stake and get 6.7 million shares, Shanghai Huiyang Junting Investment Management Center (Limited Partnership) will sell 1.34% stake and get 6.7 million shares, Henan Jianye Football Club Co., Ltd. will sell 1.34% stake and get 6.7 million shares, Shenzhen Ruibo Phase II Equity Management Partnership (Limited Partnership) will sell 1.34% stake and get 6.7 million shares, Giant Investment Co., Ltd. will sell 1.34% stake and get 6.7 million shares, Cheung Shek Investment Limited will sell 0.81% stake and get 4 million shares, Lin Ning will sell 1.29% stake and get 6.4 million shares, Jiaxing Hou'an Equity Investment Partnership (Limited Partnership) will sell 0.81% stake and get 4 million shares, Shanghai Yiguo Investment Management Partnership (Limited Partnership) will sell 0.81% stake and get 4 million shares, Shenzhen Lechuang Dongfang Investment Enterprise (Limited Partnership) will sell 0.81% stake and get 4 million shares, Hengqin Zhaozheng Haichang Film and Television Culture Investment Center (Limited Partnership) will sell 0.81% stake and get 4 million shares, Xingtie Industry Investment Fund (Limited Partnership) will sell 0.54% stake and get 2.7 million shares, Fuhui Yinghua (Tianjin) Enterprise Management Center (Limited Partnership) will sell 0.54% stake and get 2.7 million shares, Suqian Xieheli Film and Television Media Partnership (Limited Partnership) will sell 0.54% stake and get 2.7 million shares, Tibet Huaxin Equity Investment Management Partnership (Limited Partnership) will sell 0.27% stake and get 1.3 million shares and Jiaxing Puyin Growth Equity Investment Fund Partnership (Limited Partnership) will sell 0.22% stake and get 1.1 million shares.

China International Capital Corporation Limited acted as the financial advisor for Wanda Cinema Line Co., Ltd.