AMC's owners include Apollo Global Management

Globally, outbound mergers and louis vuitton handbags 2012 acquisitions by Chinese companies total $16.8 billion so far this year, up 6 percent from the same period last year, according to Dealogic. Wanda said AMC's American management will remain in place and the headquarters will stay in the Kansas City area. It said staff numbers were not expected to affected. The company employs some 18,500 people. Wanda, founded in 1988 and privately owned, operates hotels, department stores, tourism and other businesses and says it had 2011 revenue of $16.7 billion. The company employs 50,000 people and its assets include 86 theaters in China. AMC's owners include Apollo Global Management, Bain Capital, the Carlyle Group, CCMP Capital Advisors and Spectrum Equity Investors. AMC has reported losses for the past three years but its CEO, Gerry Lopez, said it has returned to profit this year due to strong ticket sales. Wang, the Wanda chairman, said AMC's financial problems louis vuitton scarves were due to the cost of servicing high debt. He said conditions should improve once an injection of Wanda's cash allows it to pay off some of that. "We are confident that after the merger, AMC will turn positive," he said. "We have absolute confidence in the future of the company." The acquisition comes as Hollywood is looking to China both for its fast-growing audience and for production partners. Walt Disney Co. has said its next "Iron Man" movie will be co-produced with a Chinese partner and "Chinese elements" will be added to the story to increase its local appeal. DreamWorks Animation SKG Inc. unveiled a venture in March with three Chinese companies to make animated and live action material. Wang said Wanda has applied to China's government for a license to import movies, a right held now by two state-owned companies. But he said the AMC acquisition concerned only film exhibition, not production or distribution. "We have no plans to promote Chinese films in the United States," Wang said. "Mr. Lopez will decide what movies will be shown" in AMC theaters. Wanda's investment will allow AMC to speed up renovation of some louis vuitton sunglasses 2012 cinemas and install more 3-D and IMAX technology, Lopez said.