Hong Kong Cinema Chain UA Files for Voluntary Liquidation
Patrick Frater, provided by
FacebookTwitterEmail
UA Cinemas, one of Hong Kong’s leading movie theater operators, has collapsed. The company said on Monday morning that it had applied for voluntary liquidation.
“UA Cinemas has always been committed to providing the highest quality of cinematic entertainment to all audiences in Hong Kong since it was founded in 1985 by Mr. Ira Kaye. However, we regret to announce that UA Cinemas will cease business with immediate effect from 8 March 2021 due to unavoidable and devastating pressure faced by our operators since the beginning of the coronavirus pandemic. We would like to thank our colleagues, customers and business partners for their support with UA Cinemas over the past 36 years. Thank you everyone for taking the journey with us. To comply with the statute and to protect the interest of all shareholders, UA Cinemas has commenced winding up procedures with the Hong Kong co