Wanda Commercial Properties (Group) Co., Limited (HKSE: 169) is a commercial real estate investment and operations management company. We first went public on the Hong Kong Stock Exchange in June, 2002. In June, 2013, Dalian Wanda Commercial Properties Co., Ltd formally became our controlling shareholder. The following month, we changed our name to Wanda Commercial Properties (Group) Co., Limited.
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The Dalian Wanda Commercial Properties Co., Ltd. (“DWCP”) was established in September 2002 and subsequently converted as a whole into a joint-stock company in December 2009. With a registered capital of RMB 3.736 billion, it is Dalian Wanda Group's sole business platform for commercial property investments and operations. DWCP's core business includes commercial property investments and operations management, and its core product is the urban complex named as "Wanda Plaza".
By the end of 2012, DWCP had completed investment in 113 Wanda Plazas in 75 cities across China, 67 of which are fully operational. The company also operates 38 five-star or super-five-star hotels. In 2013, DWCP plans to open 19 Wanda Plazas, a Wanda Center in Tianjin and 16 five-star or super-five-star hotels. As China’s first large-scale commercial property investor and operator with a nationwide footprint, DWCP has undoubtedly earned its position as China’s leading player in the commercial property industry......