Shares of Wanda's AMC, the largest US theater line, fell more than 10%

Wanda's AMC Entertainment Holdings fell 10.05% in U.S. stock trading on Monday to close at US$19.7 per share.

In the early morning of July 18, Beijing time, Wanda's AMC Entertainment Holding Inc (AMC) fell 10.05% in U.S. stock trading on Monday, closing at US$19.7/share.

On July 17, Standard & Poor's, one of the three major international rating agencies, released a report, placing Wanda's commercial rating on the negative observation list with a rating of "BBB-".

Standard & Poor's said in the report that sales of tourism projects and hotels in Wanda's business may weaken its commercial position and pose uncertainty about Wanda's use of leverage. In addition, S & P highlighted a lack of transparency and execution in Wanda's business strategy, including limited visibility of Wanda's business strategy and financial position for the next two years.

As the first multinational cinema group in the history of world film, in addition to China's Wanda Cinema, Wanda Group has acquired AMC in the United States, Carmichael in the United States, Heis in Australia, Europe's European Code, and Nordic Cinema Group in the world. It currently has a total of 1470 studios and more than 15000 screens.

In 2012, Wanda Group managed by Wang Jianlin acquired AMC for US$2.6 billion. Previously, according to the Los Angeles Times, shareholders of Carmichael Cinema Company sold the company and debt to AMC Classic Film Cable Television (AMC) for US$1.2 billion, making AMC, a China-owned theater theater, the largest theater in the United States.

Editor: Mary