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Village Roadshow Provides Update on Regarding Sale of Stake in Golden Village Singapore

11 Aug 2017  |  09:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update regarding sale of stake in Golden Village Singapore

Village Roadshow announced that it refers to its announcement on 13 June 2017 regarding the potential sale of its 50% stake in the Singapore cinema exhibition business, Golden Village, to mm2 Asia. The completion of steps under the shareholders agreement have not yet been completed, and the conditions precedent in the sale agreement have not been fulfilled. However, both parties remain in positive discussions regarding options to proceed with the transaction.

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