GSC purchases MBO Cinemas' assets to strengthen leadership position

KUALA LUMPUR: PPB Group Bhd's cinema arm Golden Screen Cinemas’ (GSC) acquisition of the majority of MBO Cinemas' assets is expected to contribute towards a healthy cash flow and strengthen its leadership position in Malaysia.

PPB Group managing director Lim Soon Huat said the exercise represented a strategic move and good opportunity to diversify GSC's revenue, especially with the timely vaccination rollout now happening.