Cineworld set to file for administration in July
Cineworld is set to file for administration and suspend trading on the London Stock Exchange as part of a major restructuring plan,
Stay updated with breaking news from Cineworld Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cineworld is set to file for administration and suspend trading on the London Stock Exchange as part of a major restructuring plan,
The struggling cinema chain is undergoing a restructuring as it tries to escape huge debts.
It stressed the move will not impact the British operations for the holding company, with cinemas continuing to remain open as usual.
The Cineworld Group will file for administration in the U.K., but the business will continue without interruption.
Embattled cinema chain operator Cineworld Group on Monday said it will file for administration in Britain and suspend trading on the London Stock Exchange next month, as part of a restructuring plan to reduce its massive debt.