On June 22, 2003, 2065438 Beijing time, according to foreign media reports, Dalian Wanda Group from China agreed to invest 320 million pounds (RMB 3.065 billion) to acquire 9 1.8% of the shares of Suntech Yacht Company, and the golf star McRoy, as a shareholder of Suntech Yacht Company, will get 2 million euros (about RMB/kloc-) for this acquisition. It is reported that Dalian Wanda Group has agreed to invest 320 million pounds (3.065 billion yuan) to acquire 9 1.8% of the shares of the British New Ted Yacht Company, and Wanda Group said that it will retain all the existing employees of the New Ted Company. At the same time, Wanda also invested nearly 700 million pounds to build a super five-star Wanda Hotel in the core area of London.
According to media reports, Wang Jianlin, chairman of Wanda Group, bought a limited edition yacht built by Xinde International at 20 10 for 78 million RMB. Regarding this acquisition, Wang Jianlin said: "Domestic yachts and planes are top-class luxury consumer goods, and taxes on imports account for more than 40% of the cost. The acquisition is also to further open up the domestic yacht market. In the future, it is possible to consider building factories in coastal cities in China, which will greatly reduce production costs and sales prices. "