Chinese Conglomerate Trims Stake in AMC Entertainment

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AMC Leisure Holdings Inc. raised $600 million from private-equity agency Silver Lake Companions and repurchased roughly a 3rd of the stake held by a Chinese language conglomerate, marking a serious possession shift for the movie-theater proprietor.

Dalian Wanda Group Co.’s partial exit comes as Chinese language regulators have aimed to restrict Chinese language corporations’ investments overseas. The Beijing-based conglomerate acquired a majority stake in AMC six years in the past.



Supply hyperlink – https://www.wsj.com/articles/chinese-conglomerate-trims-stake-in-amc-entertainment-1536934377?mod=pls_whats_news_us_business_f

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