On December 26, information disclosed by Tianyancha shows that a 70% equity stake in Shanghai Wanda Small Loan Co., Ltd., held by Dalian Wanda Group Co., Ltd., is scheduled for court auction. The assessed value is approximately 730 million yuan, with a starting bid set at about 510 million yuan.

The auction is publicly initiated by the Shanghai No. 2 Intermediate People's Court and is scheduled to take place from January 29, 2026, to February 1, 2026.

Shanghai Wanda Small Loan Co., Ltd. is a licensed micro-lending company under the Wanda Group.

This auction stems from previous debt disputes involving the Wanda Group.

Case proceedings indicate that Wanda Real Estate Group Co., Ltd., Dalian Wanda Group, and other related parties have already been subject to enforced execution exceeding 1.2 billion yuan in relation to this case.

As of now, Dalian Wanda Group has a total of 12 records as a subject of enforced execution, with cumulative enforced amounts surpassing 8.1 billion yuan. Furthermore, the company has multiple records of frozen equity.

Recently, Dalian Wanda Commercial Management Group Co., Ltd. saw a new equity freeze. The frozen equity pertains to Nanning Qingxiu Wanda Plaza Investment Co., Ltd., involving an amount of 50 million yuan, with a freeze duration of three years, ordered by the Chengdu-Chongqing Financial Court.

It is worth noting that Dalian Wanda Group has been actively disposing of its assets.

On December 12, the major event change license information for non-bank payment institutions updated by the People's Bank of China showed approval for the change of the actual controller of Kuaiqian Payment Clearing Information Co., Ltd. to an individual, Ke Liming.

Ke Liming is the Chairman of CHINA RUYI Holdings Limited (CHINA RUYI, 00136.HK).

In July of this year, CHINA RUYI announced that its indirectly wholly-owned subsidiary, Shanghai Ruyi Xingchen Enterprise Management Co., Ltd., had entered into an equity transfer agreement with Shanghai Wanda Internet Financial Service Co., Ltd. and Kuaiqian Financial Services (Shanghai) Co., Ltd. Shanghai Ruyi Xingchen Enterprise Management Co., Ltd. intends to acquire a 30% equity stake in Kuaiqian Financial Services (Shanghai) Co., Ltd. for 240 million yuan. Upon completion of the aforementioned transaction, CHINA RUYI will become the single largest shareholder of Kuaiqian Financial Services (Shanghai) Co., Ltd., but Kuaiqian will not become a subsidiary of CHINA RUYI.