Saturday, August 23, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • 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
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • 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
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Entertainment

GSC Announces The Acquisition of MBO Cinema’s Assets

by Chief Chapree
March 2, 2021
Golden Screen Cinemas

Source: Kuok Group.

734
SHARES
Share on FacebookShare on Twitter

Back in October last year, news broke out that the local cinema chain, MBO Cinemas had decided to go through creditors’ voluntary liquidation after facing difficulties operating under the Movement Control Order (MCO) which has generally put the local cinema industry to a halt.

As it turns out, the liquidation will not be the end of the story for MBO Cinemas though as Golden Screen Cinemas (GSC) have agreed to purchase the majority of the cinema chain’s assets from its former operators, MCAT Box Office and Reel Entertainment Holdings.

Even though GSC admitted that the current business environment is still quite challenging, the company which is a subsidiary of PPB Group Berhad stated that the acquisition is a strategic move. In addition to that, GSC is confident that the acquisition, as well as the rollout of the COVID-19 vaccines in Malaysia, will help accelerate its recovery from the current slump caused by the pandemic.

GSC also pointed out that big-screen experience can’t be replicated at home, despite the emergence of other media such as television, home video, and the Internet. Hence, the company is quite confident that the cinema will continue to prevail.

MBO Cinemas

However, GSC didn’t reveal the financial cost behind the acquisition in its announcement today. That being said, it expects that the deal will be completed by the end of this June.

(Source: Golden Screen Cinemas. Image: Kuok Group / MBO Cinemas [1][2])

Filed Under golden screen cinemasgscMBO Cinemas
Updated 11:02 am, Wed, 3 March 21
http://lowy.at/Sj4FT
Share294Tweet184SendShare

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

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    News

    MOF: MyKad, E-Wallets, Fuel Apps Considered For RON95 Subsidy Delivery

  2. 2
    Storage

    Seagate, KPDN Take Down Counterfeiting Hard Drive Workshop Outside Kuala Lumpur

  3. 3
    Banking

    HSBC Launches New Premier Card Travel Benefits To Entice New Customers

  4. 4
    Mobile Phones

    Google Pixel 10 Official In Malaysia From RM3,999

  5. 5
    Apps

    First Look At The MyGOV Malaysia Super App Beta

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

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

©2025 VIJANDREN RAMADASS. 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
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. 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
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.