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Wanda Raises $314 Million From Asset Sale Just as Bond Matures

(Bloomberg) Dalian Wanda Group Co. is selling a stake in one of its entertainment units for 2.26 billion yuan ($314 million), raising odds the Chinese conglomerate will avert default on a maturing dollar bond.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Av

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Wanda Asked to Pause Bond Application Amid Unit s IPO Plans

(Bloomberg) Dalian Wanda Group Co. told investors that one of its key units suspended a bond-sale application after receiving guidance from a Chinese regulator, according to some of those investors. Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineQatar Group Now Confident of Winning Manchester United RaceSweden Police Give Permit to Koran Burning Near Stockholm MosqueUBS Preparing to Cut Over Half

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Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO

Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO
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AMC s Chinese Owner Gives Up Control Over World s Largest Cinema Chain - Article

Shirley Zhao, Bloomberg News Signage outside an AMC movie theater in New York, U.S., on Friday, March 5, 2021. The struggling U.S. box office is expected to rebound this weekend, when theaters in New York City, the second-largest U.S. movie market, reopen after a yearlong hiatus. Photographer: Amir Hamja/Bloomberg , Bloomberg (Bloomberg) Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the worldâs largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut its stake and voting power in the company to 9.8% as of March 3, AMC said in its annual report. The group continues to be AMCâs largest shareholder, the cinema chainâs Chief Executive Officer Adam Aron said in an earnings call. As of October, Wanda

United statesCity ofUnited kingdomBeverly hillsWang jianlinAdam aronEntertainment holdings incBloomberg dalian wanda group coChief executive officer adam aronAtletico madridLegendary entertainmentஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்பெவர்லி மலைகள்பண்படாமனித இயல்பு ஆரோன்