Brief: CGV Holdings Ltd And IMAX Expand Partnership With New 40-Theatre Deal In China

IMAX China Holding

16/07/2019 12:52

July 16 (Reuters) - IMAX China Holding Inc  1970.HK :
    * CGV HOLDINGS LIMITED AND IMAX EXPAND PARTNERSHIP WITH NEW
40-THEATRE DEAL IN CHINA
    * IMAX CORP - WITH NEW AGREEMENT, CGV NOW HAS MORE THAN 170
IMAX
THEATRES IN OPERATION OR CONTRACTED TO OPEN ACROSS CHINA,
VIETNAM AND SOUTH KOREA
    * IMAX CORP - UNDER AGREEMENT, CGV AND IMAX WILL OPEN NEW
SYSTEMS
PRIMARILY IN TIER 1 AND TIER 2 CHINESE MARKETS UNDER A JOINT
VENTURE/REVENUE SHARE MODEL
    * IMAX - UNDER AGREEMENT CGV, CO WILL OPEN NEW SYSTEMS IN
ADDITIONAL TIER 3 TO 5 MARKETS UNDER HYBRID MODEL REQUIRING NO
NET CAPITAL COMMITMENT FROM CO
    * IMAX CORP - ADDITIONAL TERMS WERE NOT DISCLOSED.

Source text for Eikon:  ID:nPn6kyN97a 
Further company coverage:  1970.HK 

 ((Reuters.Briefs@thomsonreuters.com;))