What was the significant change to Wanda's shares in AMC in early-February 2021?
Converted Class B shares to Class A shares
Sold all shares
Bought more shares
Converted Class A shares to Class B shares
Answer
In early-February 2021, Wanda converted its Class B shares to Class A shares in AMC. This reduced its voting power to less than 50%, marking a significant shift in the company's ownership structure.