Wang Jialin, Wanda's chairman [File photo]

Dalian Wanda is making waves again.

Just days after the company was approved for an initial public offering, owner of China's largest theater group announced plans to purchase a stake in North American hit-making film studio, Lionsgate.

Wanda's chairman, Wang Jianlin told Bloomberg news of his intentions on Monday.

Wang says that his company is looking to own a controlling stake of a big studio, but so far, Lionsgate owners are only interested in selling a minority portion.

The chairman also mentioned Wanda's plans to invest in US Media giant Metro Goldwyn Mayer, or MGM.

Neither Lionsgate nor MGM has commented on a possible deal with Wanda.

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