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BRIEF-Village Roadshow announces sale of stake in Golden Village Singapore
October 1, 2017 / 10:42 PM / 22 days ago

BRIEF-Village Roadshow announces sale of stake in Golden Village Singapore

Oct 2 (Reuters) - Village Roadshow Ltd

* Sale of stake in Golden Village Singapore

* Net proceeds to VRL are anticipated to be about A$165 million, realising a net profit after tax of about A$150 million

* Proceeds of sale will initially be used to reduce VRL’s debt levels

* Signed agreement to sell 50 percent stake in Singapore Cinema Exhibition Business, to Orange Sky Golden Harvest Entertainment Source text for Eikon: Further company coverage:

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