Hong Kong could see another cinema shut down in a prime retail district after the management of IFC Mall began informally sounding out potential tenants for the roughly 20,000 sq ft (1,858 square metres) occupied by Palace IFC, whose lease expires at the end of the year, according to people familiar with the matter.
Sun Hung Kai Properties (SHKP), which manages the mall in Central, had been reaching out to select industry contacts to explore options as the struggling cinema business had generated weaker foot traffic, the people added.
