Golden Screen Cinemas signs a deal to acquire the majority of cinema assets from operators of the former MBO cinema circuit. Photo: Low Lay Phon/The Star
In a statement released by Golden Screen Cinemas (GSC) today (March 2), the cinema arm of PPB Group announced the assets acquisition from MCAT Box Office and Reel Entertainment Holdings (both in Creditors’ Voluntary Winding Up), which previously operated the MBO theatre halls.
GSC signed an agreement to acquire the majority of cinema assets from the company on Feb 23, and the deal is expected to be completed end of June 2021.
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