Wanda is close to emptying AMC's equity. At the press conference on May 2 1, AMC said that Zhang Lin, chairman of AMC's board of directors, and Zeng Maojun, executive director of Wanda, would resign from their positions on AMC's board of directors within 30 days. Adam Allen, CEO of AMC, said on the same day: "I pay tribute to Wanda and thank them for their great constructive role in building our company."

According to the Wall Street Journal's May 2 1 news, AMC was founded in 1920, which is the largest cinema in North America and even the world. It has about 950 cinemas and 10500 screens around the world. 20 12 Dalian Wanda group was acquired for $2.6 billion and operated as its wholly-owned subsidiary. Affected by the COVID-19 epidemic, AMC business has been greatly impacted.

Wanda's equity in AMC has more than doubled.

In the early morning of May 23rd, Wanda Group official website issued an announcement. ? According to the notice, Wanda Group has gradually withdrawn its controlling stake in AMC since 20 18. By May of 20021year, Wanda Group had completely withdrawn from the board of directors of AMC, only retaining a minority stake in AMC, and recovered a total of147.6 billion US dollars (about 9.7 billion RMB).

It is worth noting that Wanda's initial investment was only $700 million, and it recovered $65.438+47.6 million in nine years, and its profit more than doubled.