Cinema chain AMC raises nearly $1 bn to ward off bankruptcy
New York (AFP) - US movie theater chain AMC announced Monday it had raised $917 million in funding since mid-December, allowing it to fend off bankruptcy for now as Covid-19 batters the film industry. "This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter," the company said in a statement. The news delighted investors, with shares soaring by up to 39 percent on the New York stock exchange. At 2:15 pm (1915 GMT), the stock was up 30 percent at $4.57. The group raised $406 million through a share sale and $411 million in loans. AMC had already...