SINGAPORE: Struggling cinema chain Cathay Cineplexes closed its four remaining cinema outlets and officially ceased operations in Singapore on Sept 1, after its voluntary liquidation was announced earlier in the day.
The cinema chain, which owes money to the landlords of several of its outlets, is unable to continue operating as a going concern and will undergo a creditors’ voluntary liquidation, its parent company mm2 Asia said in a Sept 1 Singapore Exchange filing.
