Nov 2 (Reuters) - MM2 Asia Ltd :entered into option agreement to buy cathay cinema operations in singapore from cathay organisation private limited.Total consideration payable for proposed acquisition is s$230 million.Option agreement provides that purchaser will retain employees of seller related to cathay cineplexes business.Proposed purchase not expected to have significant adverse impact on group's EPS for FY ended 31 March.
Oct 20 (Reuters) - Creative China Holdings Ltd <8368.HK>: expects to record a significant increase in loss for nine months ended 30 september.Expected result due to decrease in turnover because as customers had reduced cooperations in program production with group.Expected result due to higher marketing cost.result due to reduced cooperations in program production in mobile live broadcasting & e-commerce business.
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.
May 23 (Reuters) - Entertainment One Ltd ::FY pretax profit 37 million stg versus 48 million stg year ago.FY revenues 1.08 billion stg vs 802.7 million stg year ago.Says directors declared final dividend in respect of financial year ended 31 March 2017 of 1.3 pence.Says as at 31 March 2017 overall net debt at £187.4 million was £6.6 million higher than prior year.Television division expected to see continued organic growth for FY18.Investment in acquired content for eone television expected to increase to over £40 million and production spend expected to grow to over £170 million.Investment in productions for mark gordon company expected to decrease to around £80 million.
Viacom Inc : Special committee is comprised of independent directors thomas may and Nicole Seligman, who will act as co-chairs . Special committee has retained debevoise & Plimpton LLP as independent legal advisor, and expects to retain an independent financial advisor . National amusements, directly and through subsidiaries, owns approximately 80% of Class A (voting) common stock of both Viacom and Cbs . Viacom board forms special committee to evaluate national amusements request . Special committee is comprised of independent directors Thomas May and Nicole Seligman, who will act as co-chairs . Special committee is also comprised of Kenneth Lerer, Judith Mchale, Ronald Nelson and Charles Phillips .Formed special committee of independent directors to evaluate request by national amusements that co explore a potential combination with cbs.
Highlight Communications AG : Strategic company decision .Was informed yesterday by Constantin Medien that its management board and supervisory board have resolved strategic shake- up of Constantin Medien Group.
Toei Co Ltd <9605.T>: Says it resolved to merger its Japan-based unit that engaged in video-related businesses . Says the unit to be dissolved after merger .Says merger effective date on Sep. 1.