AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP
AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP

Thanks to Reddit’s traders, Wang Jianlin turns AMC stake from a drain into a US$675 million gain

  • Wanda has now sold stake worth about US$1.5 billion
  • Conglomerate acquired US cinema chain for US$700 million and US$1.9 billion in debt in 2012

Topic |   Dalian Wanda Group
AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP
AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP
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