China’s real estate sector is being caught in a whirlwind of oversight by the Chinese Communist Party’s legal and disciplinary bodies. Two prominent real estate companies recently announced that their directors have been taken away for suspected criminal violations or they have lost contact with them. The Chinese authority’s oversight of the property sector continues…
Wanda Group Fully Withdraws From AMC in Nearly $1.5 Billion Stock Liquidation
Chinese investment firm Wanda Group has sold off the majority of its stake in AMC Theatres, exiting the U.S. movie theatre business. Dalian Wanda Group, owned by former Chinese Tycoon Wang Jianling, announced on its official website that, as of May, it has officially liquidated all its assets in AMC Entertainment Holdings Inc. and resigned…
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