MSNBC Sky News on MSNBC June 4, 2024 08:28:00
Cinema, and some of the big it markets in chiefly the u stanltsd united kingdom, it was a sad situation where they continue continue paying their debts. they've handled it over to its creditors. that will reduce its borrowings by $4.5 million. there's going to be a new share issue of some $800 million. but in the process the company's shareholder is going to be wiped out. going to be handed over to its creditors. it's going to carry on trading as normal so people who bought tickets with the company will still be able to carry on, going to the cinema, but it's a big change of ownership from wha...