Wang Sicong was in deep debt crisis some time ago, and many companies under its name declared bankruptcy. Garage has been mortgaged, and worst of all, Wang Sicong has been restricted from high consumption. At that time, Wang Sicong had already paid off its debt of 50 million yuan, still short of 1 100 million. Wang Jianlin publicly told Wang Sicong that he would not take a penny from Wanda to solve the debt crisis for Wang Sicong, and Lin Ning, Wang Sicong's mother, gladly took out 100 million yuan to pay off Wang Sicong's debts.
Lin Ning heard that Wang Sicong had paid off a debt of 100 million yuan, and it was obvious that Wang Sicong's mother was still very rich. Wang Sicong's mother, Lin Ning, is the chairman of the Lam Group. Lin Group covers a wide range of fields, and is a diversified company integrating architectural decoration, catering and entertainment, and foreign economic relations and trade. Lin Group is also a strategic partner and partner of Wanda Group.
In addition to managing Lam Group, Lin Ning is also the legal representative of 15 companies. The fifteen companies she manages are involved in eating, drinking and having fun. For example, Tiantai Decoration, the national big singer chain KTV, Tongda Economic and Trade, and Outlander Club are all managed by Lin Ning. Lin Ning manages a wide range of companies, earning hundreds of millions of dollars a year. Her strength and financial resources should not be underestimated. Her net worth can be seen from the company she owns.