Chinese billionaire Wang Jianlin’s Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings, the world’s largest cinema operator, people familiar with the matter said.
The move is the latest sign of how Wanda, one of China’s largest real estate conglomerates, like many of its Chinese peers, is under pressure from the country’s regulators to reduce overseas holdings after embarking on a major acquisition spree in the United States and Europe.
