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China's Wanda Cinema Line Wins Approval for IPO to Raise Up to $325 Million

4 years ago2 views

wochit

Wochit

China's biggest cinema chain, Wanda Cinema Line Co., a subsidiary of Dalian Wanda Group, has won approval from regulators for an initial public offering in which it hopes to raise up to $325.6 million. Dalian Wanda Group , headed by Chinese tycoon Wang Jianlin , is a giant property company and the world largest owner and operator of movie theaters. Both listings are expected to be completed before the end of the year.

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