Golden Village-Cathay merger proposed; will become Singapore s largest cinema operator if approved Toggle share menu
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Golden Village-Cathay merger proposed; will become Singapore s largest cinema operator if approved
FILE PHOTO: Cinema-goers buying food at a Golden Village snack bar. (Photo: Golden Village s Facebook page)
10 Dec 2020 11:19AM (Updated:
10 Dec 2020 11:43AM) Share this content
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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 Agreement for the possible merger of its cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest Entertainment.
SINGAPORE (The Straits Times/ANN): Singapore-listed mm2 Asia has entered into a heads of agreement for the possible merger of its Cathay cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest Entertainment (Holdings) Limited (OSGH).
The companies behind Cathay Cineplexes and Golden Village have entered into an initial agreement for a possible merger that would create the largest cinema operator in Singapore.
Singapore-listed mm2 Asia, which owns Cathay, and Golden Village owner Orange Sky Golden Harvest Entertainment (Holdings), or OSGH, aim to bring in new investors to inject more capital into the combined business as part of the deal.
mm2 Asia owns eight cinemas in Singapore under the Cathay brand, and 14 cinemas in Malaysia under the Cathay Cineplexes Malaysia, Mega Cinemas and Lotus Fivestar labels. It also owns a movie film distribution business and an online streaming business.
The Straits Times
Cathay, Golden Village merger proposed; deal will create largest cinema operator in S’pore
The two companies aim to bring in new investors to inject more capital into the combined business.PHOTO: ST FILE
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