Wanda Unit Sells $300 Million Stake in Its Chinese Cinema Chain

Wanda Investment, a subsidiary of the privately-owned Chinese property giant Dalian Wanda, has sold an 8.3% stake in Wanda Film Holding for RMB2.2 billion ($ 306 million). Wanda Film, which is listed on the Shenzhen stock exchange, operates China’s largest circuit of multiplexes and retains a stake in Hollywood producer Legendary Entertainment (“Dune”). The buyer is […]
Variety