Wanda Film rolls again

Shares recover a bit from Thursday's fall; group to sue rumormongers

Shares in Wanda Film Holding, which crashed almost 10 percent on Thursday, recovered 3.6 percent to close at 53.80 yuan ($7.87) on the Shenzhen Stock Exchange on Friday.

Thursday's fall, the worst sell-off since January last year that led to suspension in trading, was caused by market rumors and media reports that offshore loans may have landed Wanda Film, a part of conglomerate Dalian Wanda Group, in regulatory trouble.