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124
SSGAntiDoomer 124 points ago +124 / -0

Correct. Wanda Group (chinese) owns the majority share of AMC.

The company is listed on the New York Stock Exchange; from 2012 to 2018, the Chinese conglomerate Wanda Group owned a majority stake in the company. Private equity firm Silver Lake Partners made a $600 million investment in AMC in September 2018, but the voting power of AMC shares is structured in such a way that Wanda Group still controls the majority of AMC's board of directors.[5]

3rd para:
https://en.m.wikipedia.org/wiki/AMC_Theatres

41
Hanging_Chad 41 points ago +42 / -1

Thanks for the info, going to dump my AMC shares in the morning

13
AZTrumpFan 13 points ago +14 / -1

Good! Glad I could help our cause! 👍 I think I learned it from a documentary video on Midnights Edge-- based AF YouTube channel about comics and film.

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SSGAntiDoomer 8 points ago +10 / -2

You’re absolutely welcome

4
Formerlurker92 4 points ago +5 / -1

I'm gonna wait till I break even, but same

2
EvanGRogers 2 points ago +2 / -0

Buy Bitcoin

2
Hanging_Chad 2 points ago +2 / -0

I’m HODLing enough of it already lol

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deleted 4 points ago +4 / -0