Patrick Frater Asia Bureau ChiefNegotiations are underway concerning a possible merger of the cinema exhibition operations of Golden Village and mm2.
The companies say that the deal talks are spurred by the negative effects of the coronavirus pandemic.Multi-territory cinemas group Orange Sky Golden Harvest said in a regulatory filing that it had signed a heads-of-agreement with Singapore-listed mm2 Asia, which operates the Cathay Cineplexes circuits in Singapore and Malaysia.
Mm2 Asia made a similar filing to the Singapore Stock Exchange. Golden Village is generally the market leader in Singapore with 13 multiplexes, while Cathay has eight complexes in Singapore and 14 across the border.As the deal is at an early stage, its structure and.
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