Dalian Wanda has survived setbacks before, like the time Chinese stock-market regulators tried to slow down its flotation of Wanda Cinema Line. The real estate giant responded with an IPO the following year that gave its multiplex business a market capitalization several times that of AMC, the North American theater group Wanda acquired in 2012.
This time, though, Wandas ability to bounce back may be facing its gravest challenge yet. Documents emerged this week suggesting that financial regulators in China have ordered the countrys banks to stop lending money to Wanda for the financing of six of its overseas acquisitions a serious jolt to a company tha…
Read the full article at: http://variety.com/2017/biz/news/china-banks-dalian-wanda-1202500375/