Wanda Film resumed trading and opened 1.69% higher. Controlling shareholder plans to increase its holdings by 1 billion yuan

On June 23, Wanda Films opened slightly higher by 1.69%, opening at 52.81 yuan/share, with 10532 lots traded for its first order, with a turnover of 55.62 million yuan.

On the morning of June 22, Wanda suffered a double kill of "stocks and bonds". Wanda Film's share price plunged and approached its limit. In the afternoon of the same day, information on the official website of the Shenzhen Stock Exchange showed that Wanda Films 'shares were temporarily suspended. On June 23, Wanda Films opened 1.69% higher after the resumption of trading.

Trading conditions showed that on June 23, Wanda Films opened slightly higher by 1.69%, opening at 52.81 yuan/share, with 10532 lots traded in its first order, with a turnover of 55.62 million yuan.

It is worth mentioning that on the morning of June 23, Wanda Film issued an announcement that its controlling shareholder planned to increase its shareholding in the company, saying that on June 23, Wanda Film received a letter from the company's controlling shareholder Beijing Wanda Investment Co., Ltd.(hereinafter referred to as "Wanda Investment")"Notice on Plan to Increase Shares in the Company", based on its confidence in the company's future development prospects and recognition of the company's value, Wanda Investment plans to increase its holdings within 3 months from June 23, 2017. The cumulative increase in the company's shares will not exceed 1 billion yuan.

On the morning of June 22, Wanda Films suddenly plunged in intraday trading, and its share price once approached the limit. Specifically, Wanda Films opened at 57.63 yuan/share in early trading and opened 0.02% lower. After that, the stock price fell all the way, and the decline gradually widened, causing a diving market. As of the close of the morning, Wanda Films closed at 51.95 yuan/share, a drop of 9.87%. Its stock price approached the limit, setting the largest single-day decline this year. At the same time, the transaction volume of Wanda Films in the morning also increased significantly. The transaction volume in the morning was about 1.242 billion yuan, showing signs of capital panic and flight. Roughly calculated, in just one morning, the market value of Wanda Films shrank by more than 6.6 billion yuan.

In fact, in the early morning of June 22, the news of the sharp drop in Wanda bonds was the first to hit the screen. In early trading that day, the transaction yield of 16 Wanda 01 was as high as 7.5%; the transaction yield of 16 Dalian Wanda MTN004, which was more actively trading, also soared to 7.5%, up 207BP from yesterday's transaction yield of 5.43%; the early trading price of 15 Wanda 01 bonds on the Shanghai Stock Exchange fell more than 2.3%. As of the close of the day, 16 Wanda 01 fell 2.73%, 16 Wanda 02 fell 3.94%, 15 Wanda 01 fell 2.12%, and 15 Wanda 02 fell 2.96%. The turnover of these four bonds alone was about 10 trillion yuan, a new high since listing.

On the same day, there were market rumors that Pudong Development Bank, ICBC, CCB, BOC and other institutions required their managers to clear bonds related to Dalian Wanda-related, without disclosing the reasons. However, at noon on June 22, in response to the bank's sell-off of Wanda bonds, Wanda Group issued a statement saying that the sell-off was a rumor and that the company was operating well. On the evening of June 22, Wanda Film also issued a clarification and resumed trading announcement stating that the company's current financial situation is good and daily operations are normal. Trading will resume when the market opens on June 23.

Editor: jessica