Wanda emptied AMC's equity and cashed in nearly 10 billion. What is the reason behind this move?

Recently, Wanda has started to make big moves again. On the morning of 23rd, Wanda Group announced that:

According to Wanda Group? Pay attention to the country? Based on the development strategy, Wanda Group gradually withdrew from the controlling stake of AMC from 20 18. By May of 20021year, Wanda Group had completely withdrawn from the board of directors of AMC, only retaining a minority stake in AMC, and recovered a total of14.76 million US dollars.

The story of the two parties began in 20 12, and Wanda Group acquired the equity of American AMC Company 100% for $700 million. After Wanda Group acquired AMC, it promoted the successful listing and merger of AMC, making AMC the largest film chain enterprise in the world, and together with AMC, it promoted the cooperation of film industry and the exchange of film culture between China and the United States. So why did Wanda gradually liquidate AMC?

It is understood that Wanda began to liquidate AMC because Wanda's strategic objectives began to change. Pay attention to the country? Strategy. AMC is an American company, which is inconsistent with Wanda's strategic goal. However, after Wanda gradually liquidated AMC, the two sides still maintained a strategic cooperative relationship. This is good news for Wanda. After all, Wanda has earned 65.438+0.476 billion from AMC after its liquidation, which has more than doubled.

Another reason why Wanda began to liquidate AMC was the epidemic. I believe that everyone will not forget it in 2020. Under the influence of the epidemic, almost all the cinemas in AMC were closed and lasted for a long time. This has indirectly led to the fact that Wanda's shareholding in AMC is getting less and less, and until now it has directly given up its equity in AMC. Fortunately, Wanda has earned twice the principal by relying on AMC. This is also in line with Wanda's domestic focus strategy. Once again, I sincerely wish Wanda greater achievements in the film field after completing AMC liquidation.