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(Bloomberg) Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut its stake and voting power in the company to 9.8% as of March 3, AMC said in its annual report. The group continues to be AMC’s largest shareholder, the cinema chain’s Chief Executive Officer Adam Aron said in an earnings call. As of October, Wanda had held 37.7% of the Leawood, Kansas-based company and 64.5% of its voting power.

United statesWang jianlinAdam aronEntertainment holdings incDalian wanda group coChief executive officer adam aronஒன்றுபட்டது மாநிலங்களில்பண்படாமனித இயல்பு ஆரோன்பொழுதுபோக்கு ஹோல்டிங்ஸ் இன்க்டேலியன் வாஂட குழு இணைதலைமை நிர்வாகி அதிகாரி ஆடம் ஆரோன்