China's Dalian Wanda confirms plans to absorb Legendary Entertainment into its listed theaters subsidiary Wanda Cinema Line.
Wanda Cinema Line
China's Wanda group may be in the running for yet another acquisition.
UPDATED: Some media stocks were spared as Chinese share markets crashed by more than 8% on Monday, their biggest one day fall since 2007.
UPDATED: The shares of Wanda Cinema Line, China's largest private sector movie exhibitor plunged by 10% after the company announced revenue data for the first half year.
Market capitalization of post-IPO unit exceeds Wanda-owned theaters chain AMC Entertainment
Dalian Wanda is going ahead with the share flotation of Wanda Cinema Line, China's biggest private sector movie theatre chain.
ID Leisure Ventures has been confirmed as the buyer of Hoyts. The company is a close associate of Wanda group, owner of AMC and the biggest theater chain in China.
Previously rejected by regulators, company is now set to raise $326 million.
Largest exhibition chain seeks capital for further expansion
Company is China's largest theater chain and linked to AMC in North America.
AMC Entertainment owner seeks listing of Chinese circuit