YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
China-based Dalian Wanda Group Co., AMC Entertainment Holdings Inc.’s largest shareholder, sold most of its shares in the American movie theater chain.
Wanda sold 30.4 million shares May 13-18 for nearly $427 million.
AMC's shares have jumped 160% in the past 12 months, largely due to a Reddit-fueled trading frenzy, according to The Wall Street Journal.
Read more from The Wall Street Journal.
Alair Springfield is first Missouri franchise for Canada-based company.