Golden Village-Cathay merger proposed; will become Singapore's largest cinema operator if approved

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SINGAPORE: Media company mm2 Asia, which owns eight cinemas under the Cathay brand, announced on Wednesday (Dec 9) it has entered into a Heads of ...

SINGAPORE: Media company mm2 Asia, which owns eight cinemas under the Cathay brand, announced on Wednesday it has entered into a Heads of Agreement for the possible merger of its cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest Entertainment.Advertisement

Orange Sky Golden Harvest owns 14 Golden Village cinemas in Singapore and is listed on the Hong Kong Stock Exchange. It also requires approval from the Singapore Exchange and Hong Kong Stock Exchange, as well as government authorities such as the Competition and Consumer Commission of Singapore. It is currently being proceeded with in parallel with the work on the proposed merger, mm2 Asia said on Wednesday.

 

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Merge, but dun merge popcorns.. Gv popcorn pls stay..

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