Wanda's AMC is considering the public listing of its European cinema assets

since the Chinese government began to rein in capital outflows in an effort to prevent the devaluation of the renminbi and curb so-called "irrational" investment, the transfer of funds has become a very tricky task for this large group, which operates in a wide range of areas such as real estate and entertainment.

AMC Entertainment Holdings Inc, owned by Chinese billionaire Wang Jianlin, is reported by Bloomberg. Is considering an initial public offering (IPO) for its European cinema business, which is expected to raise hundreds of millions of dollars. AMC, majority-owned by Wang Jianlin's Dalian Wanda Group, is considering issuing 1/4 to 1/3 of its European subsidiary, executives of the US cinema chain said on Monday in a conference call with investors after the third-quarter results were released. The money raised by IPO will help AMC reduce its accumulated debt of $4.29 billion from mergers and acquisitions around the world.

" We are considering listing European cinema assets on the London Stock Exchange between July 2018 and April 2019, and this idea is currently being carefully studied, "CEO Adam Aron said on a conference call. "We intend to build Odeon and Nordic into a wholly owned independent subsidiary of AMC, so it should be readily available by listing in Europe."

after the sharp decline in the box office of American cinemas led to its M & A feast off track, AMC is making adjustments to adapt to the new reality. For Wanda, it would be a relief to be able to raise money outside China. Since the Chinese government began to rein in capital outflows in an effort to prevent the devaluation of the renminbi and curb so-called "irrational" investment, transferring money has become a tricky task for the conglomerate, which operates in a wide range of areas such as real estate and entertainment.

Edit: xiongwei