On December 26, Yinchuan Jinfeng Wanda Plaza Real Estate Co., Ltd. underwent a major shareholder change, with Dalian Wanda Commercial Management Group Co., Ltd. transferring its entire stake. Kunhua (Tianjin) Equity Investment Partnership, a subsidiary of New China Life Insurance, is now the sole shareholder.

Data from Tianyancha, a Chinese enterprise data platform, shows that Kunhua has acquired seven Wanda Plaza properties previously owned by Wanda Commercial Management. The company’s key personnel have also been restructured following the transition.