Latest in Dalian Wanda Group

China’s Dalian Wanda Group has issued a statement regarding its AMC Entertainment, calling speculation about the chain filing for bankruptcy “pure rumors.” This comes after an S&P Global report last week forecasted AMC’s depletion of cash by mid-summer and its potential inability to re-open by June, and as chatter has…

China’s Dalian Wanda Group has agreed to a deal with Sunac China Holdings to sell its Wanda Cultural Management unit, representing the last of Wanda’s film and theme park ties in the country. The deal all but signals the end of Wanda’s once-massive plans for its entertainment businesses in China. Sumac said in a…

Trading in Wanda Film Holding Co was halted on the Shenzhen Stock Exchange last July with plans afoot “to acquire film-related assets," the company said at the time. Now, Wanda is getting in gear. On Monday, Wanda Film, which is part of Wang Jianlin’s recently embattled Dalian Wanda Group and holds the conglomerate’s…

AMC Entertainment CEO Adam Aron made a quick stop in Barcelona at this week's CineEurope exhibitors conference where he updated me on the possibility of the company doing a European IPO, the exhibition giant’s potential offloading of some non-strategic assets and developments further to the southeast in burgeoning Saud…

Wanda Film Group President Zeng Maojun (aka John Zeng) has been elected unanimously as non-executive Chairman of the AMC Entertainment Board of Directors, effective immediately. This follows last week’s resignation of Lincoln Zhang from the Chairman role at North America's leading exhibition chain. He was due to…

AMC Entertainment’s non-Executive Chairman, Lincoln Zhang, has resigned from his position at North America’s leading exhibition chain. Also known as Zhang Lin, the exec is expected to transition to a new role at AMC parent Dalian Wanda Group. AMC noted the change in a regulatory filing this week. Zhang was Chairman…

As Dalian Wanda Group Chairman Wang Jianlin pursues an asset-light strategy with a focus on reducing corporate debt, the company is selling a 12.77% stake in its film unit for RMB 7.8B ($1.24B). The buyers are Hangzhou Zhenxi Investment Management Co, an affiliate of Jack Ma’s Alibaba Group, and the state-owned…

Tencent Holdings is leading a consortium of investors to acquire a 14% equity stake in Wanda Commercial Properties Co, the flagship subsidiary of Wang Jianlin’s Dalian Wanda Group, for RMB 34B ($5.37B). The move by Tencent, Suning Holdings, JD.com and Sunac China Holdings to buy out minority private investors will…

Late last month, China’s embattled Dalian Wanda Group threatened legal action against media outlets spreading what it called “vicious rumors” that its Chairman, Wang Jianlin, had been prevented from leaving China. The real estate and entertainment giant now says it’s making good on the promise. In a statement…

Embattled Dalian Wanda Group has found itself today vehemently dismissing rumors that its chairman, Wang Jianlin, has been prevented from leaving China. A Chinese-language website based in the U.S. had reported over the weekend that Wang was stopped with his family en route to London. On Monday, shares of the…

Shares of Wanda Hotel Development surged sharply in Hong Kong trading on Thursday, following word that the HK-listed division of China’s embattled Dalian Wanda Group would undergo what it termed “a major restructuring.” Wanda Hotel Development is to pay about $1B to acquire two businesses controlled by Wanda Chairman W…

EXCLUSIVE: Chinese government leaders have placed tight restrictions on some of their biggest players who have been infusing money into film production, and Hollywood is now fearful of where the money may come from to finance its projects. At the center of the storm is Beijing-based real estate conglom Dalian Wanda Gro…