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Wanda Commercial Refiles Hong Kong IPO Plan

Zhuhai Wanda Commercial Management Group submitted a third prospectus for a Hong Kong IPO after two earlier applications expired.

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(AMC), BlackBerry (NASDAQ:BB) - AMC Major Stakeholder Wanda Converts Stock To Allow For Sale Amid WallStreetBets Frenzy

Share:
A major Chinese investor in
AMC Entertainment Holdings Inc (NYSE: AMC) converted its shares in the cinema operator in order to be able to sell them, according to a filing with the U.S. Securities and Exchange Commission.
What Happened: Wanda America Entertainment Inc, a unit of Beijing-based Wanda Group, converted its Class B common stock to Class A AMC shares on Feb. 1 “in order to permit sales of its common stock,” according to the filing.
No details of how much stock was converted were given out in the SEC document.
The Chinese conglomerate had acquired the majority stake in AMC for $2.5 billion in May 2012.

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