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'The show will go on': mm2 Asia CEO optimistic on cinema business despite Covid-19 challenges

The cinema business has been hit hard by Covid-19, but mm2 Asia chief executive officer Chang Long Jong has expressed his optimism that the industry is on a road to recovery. In an interview with The Business Times published on Wednesday (Oct 6), Chang said that the cinema business is "in a stronger position" after experiencing rounds of business recovery. ....

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Malaysia's largest cinema operator GSC acquires MBO

Malaysia's largest cinema operator GSC acquires MBO
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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PPB-owned Golden Screen Cinemas to buy Navis-backed MBO Cinemas in Malaysia

PPB-owned Golden Screen Cinemas to buy Navis-backed MBO Cinemas in Malaysia
March 2, 2021
Malaysian conglomerate PPB Group’s cinema arm Golden Screen Cinemas (GSC) is acquiring the majority of the cinema assets of MBO cinemas, which is currently undergoing a voluntary winding up in the hands of creditors.
GSC said in a statement on Tuesday that it signed an agreement on Feb 23 to acquire the assets from the operators, MCAT Box Office Sdn Bhd and Reel Entertainment Holdings Sdn Bhd, which is undergoing voluntary winding-up.
The deal is expected to be completed by June but the size and value of the acquisition remain undisclosed. ....

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