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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.
Cathay-GV merger proposed amid Covid-19 challenges tnp.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnp.sg Daily Mail and Mail on Sunday newspapers.