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China debt crunch

Sale of AMC cinemas closes curtain on Dalian Wanda's global dream

Deal tests tycoon Wang Jianlin's claims to 'always profit' on investments

Dalian Wanda's stake in U.S. theater chain AMC Entertainment has gone from 100% to 0.002%.    © Reuters

HONG KONG -- Dalian Wanda Group's $2.6 billion acquisition of U.S.-based AMC Entertainment Holdings in 2012 was historic not only for the Chinese buyer, but also for corporate China overall.

The purchase of the second-largest cinema operator globally drew parallels with Sony's takeover of Columbia Pictures in 1989, when Japanese money was gobbling up landmark assets in the U.S. and worldwide.

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