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This holiday season, Golden Ticket Cinemas has gifted area moviegoers with a new destination to see the latest releases: The Golden Ticket Ale House + ELITE, located at 2101 New ....
KUALA LUMPUR, Dec 24 ― Cinema chain operator, MBO Cinemas is returning under new management after shuttering all its branches in Malaysia last year due to the Covid-19 pandemic. MBO’s surprise return announcement was made through a couple of posts on Facebook which stated that the cinema chain. ....
Koh Mei Lee, who is the head of corporate affairs of PPB Group Bhd and chief executive officer of GSC Group, said: “We have full confidence that the cinema industry is still healthy on a growth trajectory and it will always be around. KUALA LUMPUR: The latest acquisition of MBO Cinemas by PPB Group Bhd will allow the group to diversify into new growth areas and expand its revenue streams. The expanded chain of cinemas would enable PPB Group to capitalise on the food and beverage (F&B) segment and increase the co-production of local content by its Golden Screen Cinemas (GSC) Movies to complement the movie-going experience and further expand its revenue stream, said Koh Mei Lee, who is the head of corporate affairs of PPB Group Bhd and chief executive officer of GSC Group. ....
s cinema arm Golden Screen Cinemas’ (GSC) acquisition of the majority of MBO Cinemas assets is expected to contribute towards a healthy cash flow and strengthen its leadership position in Malaysia. PPB Group managing director Lim Soon Huat said the exercise represented a strategic move and good opportunity to diversify GSC s revenue, especially with the timely vaccination rollout now happening. However, he did not disclose the value of acquisition as the group is bound by the confidentiality agreement. Although 2020 has been a worst year for cinema industry, we believe with the improvement due to vaccination and gradual opening of cinemas worldwide, the acquisition would be a good opportunity and fits well for GSC’s cinema network,” he said during PPB’s virtual press and analyst briefing today. ....