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Chinese investor sells controlling stake in AMC

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China's Wanda America Entertainment Inc. sold its controlling stake in AMC Entertainment Holdings Inc.

The Chinese investor sold more than 15.6 million shares worth $220 million. Wanda now owns 6.8% of AMC's outstanding stock.

Wanda purchased AMC for $2.6 billion in 2012. It retained an 80% stake in its stock when AMC went public the next year.

Read more from the Kansas City Business Journal.

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