Local cinema chain Golden Screen Cinemas (GSC) has announced that it is acquiring assets from the operators of MBO Cinemas, the third-largest cinema chain in the country
Demon Slayer? Doraemon? Raya and the Last Dragon? Master? Godzilla vs Kong? pic.twitter.com/FhY1dMZ8Pp GSC | #ReopenCinemas (@GSCinemas) March 2, 2021
The moment we ve been waiting for. we will be reopening this FRIDAY!! Stay tuned as we reveal our opening locations and confirmed movie line-ups! #BacktoGSC#GSCLoveYou3000pic.twitter.com/j1lVUJbmhz GSC | #ReopenCinemas (@GSCinemas) March 2, 2021
“Stay tuned as we reveal our opening locations and confirmed movie line-ups!” GSC wrote.
The tweet was met with great excitement from Malaysian movie lovers and has gotten more than 10,000 retweets and 6,300 likes so far.
GSC’s efforts with the #ReopenCinemas hashtag last week appears to have paid off and they can finally breathe a sigh of relief after prolonged closures due to the Covid-19 pandemic.
Malaysian Exhibitor GSC to Acquire MBO Chain as Cinemas Poised to Reopen yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 2): Golden Screen Cinemas (GSC), which is owned by PPB Group Bhd, said today it is acquiring the majority of cinema assets from the operators of the MBO chain of cinemas, which is currently undergoing a creditors’ voluntary winding-up.
In a statement today, GSC said it signed an asset sale agreement on Feb 23 to acquire the said assets from MCAT Box Office Sdn Bhd and Reel Entertainment Holdings Sdn Bhd, which are both in creditors’ voluntary winding-up.
The deal is expected to be completed by June, it added. However, the statement did not elaborate on the size and value of the acquisition. MBO, according to its official website, has a total of 27 cineplexes across 10 states.