AMC’s Chinese Owner Gives Up Control Over World’s Largest Cinema Chain_老虎社区_美港股上老虎

AMC’s Chinese Owner Gives Up Control Over World’s Largest Cinema Chain

Bloomberg2021-03-15

Wanda’s stake in AMC Entertainment cut to 9.8% as of March Theater chain reported record loss of $4.6 billion for 2020 Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang ...

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xoxoll
·2021-03-15
Help me to comment and like
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- TJKE:
  Liked
  2021-03-15
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- Yagami:
  gogo
  2021-03-15
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Allenchang
·2021-03-15
Like and comment
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- xoxoll:
  Help me to lIke and comment
  2021-03-15
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DC9999
·2021-03-15
Wow
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真的钻石手
·2021-03-15
Ignore the fundamentals just go for the hype. [开心]
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Neuro
·2021-03-15
Wow amazing!
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Jimmy365
·2021-03-15
Okok
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JulianAlson
·2021-03-15
Changing into cash first maybe when the revenuecome back they will come back?
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kt888
·2021-03-15
...
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XiaoYao86
·2021-03-15
need a like
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- Kok:
  please comment on my comment. tks!!
  2021-03-15
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- Fionfion82:
  Sure 😊
  2021-03-15
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- Jkrapido:
  Helped to comment
  2021-03-15
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kevinlaisq
·2021-03-15
Please comment and share if this share is overhype
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- Kok:
  ok
  2021-03-15
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- Jkrapido:
  Amc is a good stock
  2021-03-15
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Nisnivlek
·2021-03-15
AMC never die
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- Moneyface:
  Yes
  2021-03-15
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BYLI
·2021-03-15
Wow, what happened
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kohaku84
·2021-03-15
Ohh
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RyKee
·2021-03-15
Great...
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nihaomao
·2021-03-15
Wow how possible
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DanTEOHH
·2021-03-15
Like please
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- nihaomao:
  Yup
  2021-03-15
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- Lty1098:
  Like n comment pls
  2021-03-15
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- Kok:
  please returns the favor. tks!!
  2021-03-15
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Zhenghao
·2021-03-15
Ohhh
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KinKat
·2021-03-15
Smart move!
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The group continues to be AMC’s largest shareholder, the cinema chain’s Chief Executive Officer Adam Aron said in an earnings call. As of October, Wanda had held 37.7% of the Leawood, Kansas-based company and 64.5% of its voting power.\nWanda’s dwindling holdings in AMC marks further contraction of the group’s operations outside of China after it sold its last overseas real estate project in Chicago last year. The company, spanning malls, films, sports and theme parks, was among Chinese conglomerates that accumulated some of the world’s largest debts after paying top prices for overseas trophy assets. The conglomerate has been slimming down aggressively since 2017 to pare debt.\n“With no controlling shareholder in place, now, AMC will be governed, just as most other publicly traded companies, with a wide array of shareholders,” Aron said during the call.\nThe core businesses of Wanda have been hit by lockdowns and other pandemic-induced restrictions. AMC racked up the record loss after theater attendance plummeted over 90%. The cinema chain has raised more than $1 billion since December to keep itself afloat and has cut all non-essential spending.\nWanda cut its stake in AMC to 23.1% by the end of December, with a voting power of 47.4%. In February, the group converted all outstanding Class B common stock to Class A common stock, resulting in further downsizing of its holdings, according to the annual report.\nThe group may still have significant influence over AMC’s management because it sill has two board seats, according to the statement and Aron.\nAMC’s stock has surged more than fivefold this year to $11.16,fueled by an investment frenzy led by Reddit users.\nAt the height of its overseas expansion, Wanda bought landmark assets including Spanish soccer club Atletico Madrid, Hollywood studio Legendary Entertainment and luxury real estates in Beverly Hills and London. Most of these assets have been disposed of. 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[开心]&nbsp;","listText":"Ignore the fundamentals just go for the hype. [开心]&nbsp;","text":"Ignore the fundamentals just go for the hype. [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322165318","repostId":1166656113,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322165062,"gmtCreate":1615784233656,"gmtModify":1703492903001,"author":{"id":"3574827980467236","authorId":"3574827980467236","name":"Neuro","avatar":"https://static.tigerbbs.com/62d011e4942b3984b40608a703085609","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574827980467236","idStr":"3574827980467236"},"htmlText":"Wow amazing!","listText":"Wow amazing!","text":"Wow amazing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322165062","repostId":1166656113,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322188977,"gmtCreate":1615783147499,"gmtModify":1703492885391,"author":{"id":"3562019478826489","authorId":"3562019478826489","name":"Jimmy365","avatar":"https://static.tigerbbs.com/f0b5ef01e17ff83b62385dd919d36027","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3562019478826489","idStr":"3562019478826489"},"htmlText":"Okok","listText":"Okok","text":"Okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322188977","repostId":1166656113,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322180098,"gmtCreate":1615782722014,"gmtModify":1703492880212,"author":{"id":"3575352038769618","authorId":"3575352038769618","name":"JulianAlson","avatar":"https://static.tigerbbs.com/a4f9fadbfd2a54fe54a080c1732d41f9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3575352038769618","idStr":"3575352038769618"},"htmlText":"Changing into cash first maybe when the revenuecome back they will come back?","listText":"Changing into cash first maybe when the revenuecome back they will come back?","text":"Changing into cash first maybe when the revenuecome back they will come back?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322180098","repostId":1166656113,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322117589,"gmtCreate":1615782711241,"gmtModify":1703492879522,"author":{"id":"3577583042847869","authorId":"3577583042847869","name":"kt888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577583042847869","idStr":"3577583042847869"},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322117589","repostId":1166656113,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322115809,"gmtCreate":1615782515801,"gmtModify":1703492876069,"author":{"id":"3578112136424524","authorId":"3578112136424524","name":"XiaoYao86","avatar":"https://static.tigerbbs.com/2f4234838d17faf2cd6d8d212d0f0ca4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578112136424524","idStr":"3578112136424524"},"htmlText":"need 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