Monday, January 30, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Entertainment Cinema

MBO Cinemas Reportedly Facing Liquidation

by Heirul Kamel
October 15, 2020
MBO Cinemas
392
SHARES
Share on FacebookShare on Twitter

MCAT Box Office Sdn Bhd, or commonly known as MBO Cinemas, is said to be facing liquidation due to cash flow problems since the implementation of the Movement Control Order (MCO). The Edge claims that it had sighted a notice of the company’s liquidation that was sent out to creditors.

“We would like to inform you that on Oct 14, 2020, the board of directors of MCAT Box Office Sdn Bhd passed resolutions placing the company in creditors’ voluntary liquidation and appointing Lim San Peen of PricewaterhouseCoopers Advisory Services Sdn Bhd as interim liquidator,” the letter read.

MBO Cinemas Liquidation

The notice also calls for a meeting between the creditor and interim liquidator to discuss the process, added The Edge. Liquidation, for those unaware, is a process where a company is required to sell its assets in order to repay creditors, prior to closing down.

Good Morning, as we venture further into 2020 with the number of rescheduled blockbusters and fluctuating number of local cases. We have decided to close these cinemas until further notice.

Thank you for your support, and we hope to see you at these locations again in 2021. pic.twitter.com/qadGKa0Eaz

ADVERTISEMENT

— MBO Cinemas (@mbocinemas) October 12, 2020

MBO Cinemas currently has 27 locations across the nation, but only four of its cinemas are open for business since 1 July 2020 during the implementation of the Recovery MCO phase in Malaysia. Its other locations remain closed until further notice due to the Conditional MCO imposed in Selangor, Kuala Lumpur and Sabah.

The Edge’s report did not mention when the liquidation process of MBO Cinemas will take place. Should the report be accurate, it is expected that the company will provide an official announcement regarding its closure in the near future.

(Source: The Edge)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: cinemaclosureLiquidationMalaysiaMBOMBO Cinemas
Updated 1:00 am, Tue, 20 October 20
Back to top
Share157Tweet98SendShare

RELATED ARTICLES

Volvo Malaysia recall XC40 recharge electric
Automotive

Volvo Malaysia Recalls 545 Vehicles Under 2023 Model Year Over Brake Software Issue

by Heirul Kamel
January 27, 2023
Nothing Ear (Stick) Lightning review
Audio

Nothing Ear (Stick) Lightning Review: The RM 130 Difference

by Heirul Kamel
January 26, 2023
Sony Float Run headphones Malaysia May price
Audio

Sony’s New Float Run Headphones Coming To Malaysia This May For RM 599

by Heirul Kamel
January 25, 2023
Overwatch World Cup 2019
Gaming

Overwatch World Cup Returns In 2023; Malaysia Among APAC Representatives

by Ian Chee
January 25, 2023
Load More

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Fintech

    Touch ‘n Go To Be Scrutinise By KPDN’s Task Force Soon

  2. 2
    Entertainment

    Malaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall East

  3. 3
    Computing

    The New Mac mini M2 And M2 Pro Are Made In Malaysia

  4. 4
    Cinema

    MBO Cinemas Reportedly Facing Liquidation

  5. 5
    Branded

    U Mobile’s 5G-Ready Plan Users Are Enjoying 5G With No Extra Cost – Here’s How U Can Get On

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.