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GSC purchases MBO Cinemas' assets to strengthen leadership position

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. ....

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GSC aims to cement position in Malaysia with purchase of MBO Cinemas' assets | Money

GSC aims to cement position in Malaysia with purchase of MBO Cinemas' assets | Money
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

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