The curbs on Wanda, announced at a meeting in June, focused on six overseas deals, four of which have already been completed, an internal bank document seen by Reuters showed.
AMC said deals for Starplex Cinemas, Odeon & UCI Cinemas, Nordic Cinema Group and Carmike Cinemas completed between 2015 and earlier this year were fully funded by the firm’s own funds and loans from U.S.-based banks.
“At no time was Wanda ever a source of funding for any of these acquisitions or individual theater purchases,” AMC said in a statement.
Wanda bought AMC for $2.6 billion in 2012, part of a broader push by the Chinese company firm into cinemas.
The cinema chain added it had also never “never received committed financing from any bank headquartered in mainland China for any purpose, including for acquisitions”. The most recent four deals were funded by loans from syndicates of U.S. banks taken out by AMC and from AMC’s own cash reserves.
