Wanda Parks Takes On Disney In China and...

[zg44]

I had heard this may be more about the founder suddenly having problems with the Chinese government.

That's always a possibility in China.

But this is an absolute firesale. They're getting $4.6bn for 13 Wanda parks (4 completed others various stages) and another $4.6bn for 76 hotels.

The only reason they're selling at those values is that the parks and hotels are underperforming and heavily indebted.

 

[GAcoaster]

He still owns the AMC Theater chain here in the U.S. among other things.