A man looking at movie posters at a GSC cinema in IOI mall in Puchong. - RAJA FAISAL HISHAN/The Star.
KUALA LUMPUR: Golden Screen Cinemas (GSC) (pic) is buying the majority of cinema assets from MCAT Box Office Sdn Bhd and Reel Entertainment Holdings Sdn Bhd, which are operators of the former MBO cinema circuit.
Both MCAT Box Office and Reel Entertainment are going through a creditors’ voluntary winding up.
In a statement, GSC said the acquisition is expected to be completed by end-June 2021.
No acquisition price was disclosed.
GSC, Malaysia’s largest cinema exhibitor, is a wholly owned subsidiary of PPB Group Bhd