How will Wanda handle operations, and what fees will Sunac pay?

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Wanda to Retain Operations of Properties, Sunac to Pay Annual Management Fees

Following the significant acquisition of Dalian Wanda's tourism projects and hotels by Sunac China Holdings, Wanda will continue to manage the day-to-day operations of these properties. Sunac, in turn, is obligated to pay an annual management consulting fee to Wanda for each of the 13 theme parks included in the deal. This arrangement is stipulated for a substantial contract term of 20 years.
Wanda's Continued Operational Role

Despite the change in ownership, Wanda Group will maintain its responsibility for the operational management of the acquired tourism projects and hotels. This indicates a continued involvement of Wanda's expertise in the running of these assets, even after their sale to Sunac for an estimated US$9.3 billion.
Sunac's Annual Fee Obligation

Sunac China Holdings will be required to pay a specific annual management consulting fee to Wanda. This fee is set at 50 million yuan for each of the 13 theme parks that are part of the transaction. This payment structure ensures a continuous revenue stream for Wanda related to the management of these cultural tourism assets.
Long-Term Management Consulting Contract

The agreement for Sunac to pay the annual management consulting fees to Wanda is set for a considerable duration. The contract term has been established for 20 years, signifying a long-term partnership in the management and oversight of the theme park operations. This extended period underscores the strategic nature of the ongoing relationship between the two companies.

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How will Wanda handle operations, and what fees will Sunac pay?

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