IMAX's acquisition proposal of China unit falls through

IMAX China Holding

10/10/2023 12:18

Oct 10 (Reuters) - Hong Kong-listed IMAX China  1970.HK 
on Tuesday said its takeover proposal for full ownership by
cinema operator IMAX  IMAX.N  in a deal valued at about $124
million was not approved by a majority of shareholders.
    The listing of IMAX China's shares will not be withdrawn,
the company said in a statement.

 (Reporting by Upasana Singh in Bengaluru; Editing by Varun H K)
 ((Upasana.Singh@thomsonreuters.com;))