Government contracts company to build ropeway on Chotila Dungar, PIL filed against it by Mandir Trust | સરકારે ચોટીલા ડુંગર પર રોપ-વે બનાવવા કંપનીને કોન્ટ્રાક્ટ આપ્યો, મંદિર ટ્રસ્ટ દ્વારા તેના વિરૂધ્ધમાં PIL દાખલ કરી
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터키법인에 거액 쏟아붓는 CGV…올해 반등 가능성은
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Posted : 2021-01-25 14:17
Updated : 2021-01-25 21:04
CJ CGV s movie theater in Yongsan, Seoul, is empty Jan. 14, as the COVID-19 pandemic continues to spread. / Korea times photo by Bae Woo-han
By Kim Jae-heun
The country s largest multiplex cinema chain CJ CGV is looking for new investors to take over its theater business after its sale talks with private equity fund (PEF) Keistone Partners were suspended.
Keistone Partners originally planned to utilize its blind fund and form an additional project fund to acquire CJ Group s multiplex cinema unit. The deal was expected to be closed at the end of the month.
However, investors delayed their decision on the acquisition of CJ CGV, which led to the talks facing an uncertain future. They were worried that the theater business here has been in a recession for too long and that various content providing platforms including over-the-top services have become more viable, which halved CJ CGV s business attractiveness.