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Malaysian Exhibitor GSC to Acquire MBO Chain as Cinemas Poised to Reopen

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variety.com
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Patrick Frater Asia Bureau ChiefMalaysia’s largest movie theater operator Golden Screen Cinemas is to acquire the country’s third largest player MBO, which last year filed for a creditor’s voluntary winding-up agreement as a result of the coronavirus’ negative impact on business.

The move comes at a time when many of Malaysia’s cinemas are poised to reopen after the latest COVID shutdown.GSC said that it will acquire the majority of the assets of MBO, which was previously backed by private equity firm Navis.

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