GSC signed an agreement to acquire the majority of cinema assets from the company on Feb 23, and the deal is expected to be completed end of June 2021. Photo: HandoutBefore this, the major cinema operators in Malaysia were GSC Cinemas, TGV Cinemas, mmCineplexes, MBO Cinemas and Lotus Five Star. GSC Cinemas is ranked the biggest cinema chain here. In that statement, MAFE chairman Tan Sri Mohd Ghazali Mohd Seth said the cinema industry could not sustain closure much longer and it would undoubtedly collapse. “The acquisition of MBO cinema assets will further enhance GSC’s diverse, innovative, and cutting-edge offerings; and audiences can look forward to a more wholesome, personalised, and delightful time at the movies with us.”

Source: The Star March 02, 2021 09:18 UTC