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Chapter 1423 Only a fool takes over!

9days ago Celebrity fiction 10
Unfortunately, no matter how you look at such a counterattack, it makes people feel a little too weak. The overall signal is that Black Dad is the mainstream of the future. In the future, everyone will have to give in to Black Dad and provide them with them. If you want to win the prize, you must accept acting with Black Dad, or even a bed scene, and love a group of Black Dad and Black Dad to death.

Such a vane naturally makes many Hollywood white stars who put white people first, especially some popular actresses who look down on those black fathers on weekdays. They feel disgusted with Hathaway, but fortunately, Wu Mingxuan seems to be their supporter.

After all, Chuanpu's slogan is white supremacy. He has a serious populist tendency. The ones he dislikes most are those Latino and Africans who are lazy and do not produce trouble all day long. They even advocate building a border wall to implement the strictest immigration policy. Therefore, Chuanpu's election is actually an inevitable result to some extent.

Just as Wu Mingxuan, who attended the award ceremony, was planning to prepare for his villa to return home tomorrow, AMC's theater manager Adam Allen directly stopped Wu Mingxuan and wanted to have a good chat with him.

Founded on June 6, 2007, AMC has successfully surpassed Imperial Cinemas and became the largest chain theater operator in the United States, with more than 600 branches.

In 2012, Wanda Group acquired 100% of the equity and assumed debts of AMC Cinemas for US$3.1 billion, and promised to invest no more than US$500 million in operation after the merger and acquisition.

This is Wanda's first overseas acquisition, and it is also this merger that officially started Wanda's overseas acquisition wave.

However, Boss Wang, chairman of Wanda Group, publicly denied this, and said that the $3.1 billion investment reported by the media refers to $700 million plus AMC's original $1.9 billion debt and $500 million equipment renovation costs. The $500 million equipment renovation costs did not occur later, so including the investment in operating funds, Wanda Group's actual cash investment was only $1.2 billion.

If Wu Mingxuan did not have the intrusion, according to the version he learned, Wanda Group, later, began to gradually withdraw from the controlling stake of AMC from 2018 based on its focus on domestic development strategy (crazy selling of overseas assets to repay debts, and surviving with a tail).

In 2018, Wanda sold part of AMC's equity for US$600 million for the first time.

In October 2020, Wanda continued to reduce its shareholding in AMC, reducing its shareholding ratio to 377% and voting rights to 645%.

As of December 31, 2020, Wanda once again reduced its holdings in AMC stocks, and its shareholding in AMC has dropped to 2308%, and its voting rights have also dropped to 477%.

As of March 3, 2021, Wanda's shareholding and voting rights in it fell to 98%.

In March this year, AMC said that Wanda Group had given up its controlling stake in the company.

However, the reason for giving up completely is mainly because in March 2020, due to the impact of the new crown pneumonia epidemic, AMC announced the closure of more than 600 cinemas across the United States, as cash reserves are rapidly decreasing, the possibility of AMC theaters affected by the epidemic continues to increase.

As of the first quarter of 2021, the company's revenue was US$148.3 billion, compared with US$941.5 billion in the same period of the previous year, a year-on-year decrease of 842%; a net loss of US$567.2 billion, compared with a loss of US$217.63 billion in the same period of the previous year.

Is it a terrible number? In fact, European and American theaters under the impact of the epidemic are so terrifying, because it is not that you will lose money after closing down and not opening business. On the contrary, you must continue to pay rent and manual expenses, and you cannot fire employees because of this. Even if you apply for bankruptcy, you cannot open someone at will without paying the rent.

Therefore, the consequence of holding the theater chain in hand is that the loss in one year is comparable to the total assets of the entire theater chain. This is just the AMC theater chain in North America. The total loss of the Wuzhou theater chain in 2020 is imaginable. Wu Mingxuan was stupid and took over the market. He wished that Wanda would go bankrupt and liquidate it.

The most interesting thing is Adam Allen, AMC's theater manager. AMC's performance in 2020 has been like this, and he has lost the entire company in nearly a year. As a result, his grandson still received a salary of $22 million and a dividend, which cannot be lost.

Now you know why you will lose so much money after closing down and opening up? Why do Jack Ma likes to brag and show off and become scared of talking about the position in the United States? This is the horror of the American uncle.

Originally, Adam wanted to join forces with Wu Mingxuan, and it was easy to help him win AMC by joining the inside and outside. This was not only his own vote, but also his bargaining chip for his salary increase. As a result, the other party refused and no longer considered it. The same $3.5 billion would be used to buy the Lakers to play a waste than consider the largest theater chain AMC in North America. This really made it difficult for Adam to understand.

When Boss Wang learned that Wu Mingxuan was not coming to the theater, he was also confused. He really couldn't understand Wu Mingxuan's routine. What was he trying to do so many things?

Could it be that it really has a grudge against our Wang family?

Although I don’t understand what Wu Mingxuan is thinking, it is undeniable that Wu Mingxuan is indeed the most suitable and capable high-quality buyer now. If you really can negotiate, you can even make some profits from him. As a result, Wu Mingxuan is not accepting it at all and is not interested. Perfect side does not intend to lift the ban after AMC changes hands, which makes many buyers who originally wanted to take over hesitate and worry.

The research report on LeTV was released on February 28th, and it was just before 315. It was clearly providing materials for CCTV's 315 Gala. At the same time, it was already secretly instructing suppliers who had not yet received the payment to block the door and get their payment to get their payment to the goods, because if you really don't go, let LeTV continue to drag on it, it may be that it is possible that you will lose all your money.