United Kingdom Prime Minister David Cameron wrote a letter to Wanda Group Chairman Wang Jianlin on July 11 to congratulate Wanda on their first UK investment.
In his letter, Cameron said Wanda’s acquisition of Sunseeker will provide more job opportunities in the UK and aid the brand in expanding its footprint, while he also believes Wanda’s property development in London will contribute to the development of One Nine Elms.
He extended his welcome to Chinese investment in the letter and encouraged Wanda to further explore future UK investment opportunities.
About Wanda Group:
The Dalian Wanda Group was founded in 1988 and operates in four major industries, including commercial properties, luxury hotels, culture & tourism, and department store chain. The company has assets of 300 billion yuan ($48 billion) and an annual income of 141.7 billion yuan ($23 billion), and pays 20.2 billion yuan ($3.2 billion) in taxes every year. The company now operates 72 Wanda Plazas, 38 five-star hotels, 6,000 cinema screens, 57 department stores and 63 karaoke outlets across the country. By 2015, the company aims to increase its assets to 400 billion yuan ($64.8 billion) and annual income to 250 billion yuan ($40.5 billion), and pay 30 billion yuan ($4.8 billion) in taxes every year, becoming a world-class enterprise.
