Hollywood Reporter – China’s Wanda Film Co. Hit by Massive Investor Sell-Off

Worries abound for China’s Wanda Group, which purchased AMC theaters. A sell of Wanda-related bonds by a state banks suggest that Chairman Wang Jianlin has lost political favor.

June 22, 2017

‘China’s Dalian Wanda Group was at the center of a major investor sell-off Thursday, as investors reacted to political rumors surrounding the company’s billionaire chairman Wang Jianlin.

The company’s publicly traded entertainment unit, Wanda Film Holding Co., saw its stock crash 10 percent before it was suspended from trading on the Shenzhen Stock Exchange. Wanda Film is the wing of Dalian Wanda Group that contains its film production, marketing and distribution assets, along with China’s largest cinema line and the multi-billion-dollar Wanda Studios Qingdao, which is expected to be the world’s largest movie-making facility when it fully opens in 2018.’

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