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No More Soy Sauce On Your Popcorn? China’s Wanda Group Sells Its Stake In AMC Theaters

The Chinese are pulling up stakes in the US movie theater business, with the announcement that the Wanda conglomerate is selling off the controlling interest in the AMC Theatres chain that it has held since 2012. In January, Wanda traded in its Class B stock for Class A common stock, with the option to cash…