AMC Tries to Steer Clear of Chinese Owner’s Debt Worries<br />“Wanda does not actively participate in the day-to-day running of AMC beyond the board of directors.”<br />Shares in AMC dropped 10 percent on Monday after a mysterious document on social media claimed<br />that regulators in China were warning state-run banks against financing Wanda’s deals overseas.<br />By AMIE TSANG and SUI-LEE WEEJULY 18, 2017<br />AMC Entertainment tried to distance itself on Tuesday from debt concerns around its Chinese parent company<br />that have sent shares in the American cinema chain falling.<br />They worry that excessive loans to companies like Wanda<br />and the property developer Sunac China Holdings, which have stakes in several sectors, could put the broader economy at risk.<br />“Wanda has been a terrific shareholder, and we are grateful for Wanda’s support of AMC’s efforts over<br />the past few years to grow our business,” Adam Aron, AMC’s chief executive, said in a statement.
