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Orange Sky Golden Harvest Entertainment (Holdings) Limited ( (HK:1132) ) just unveiled an announcement.
Orange Sky Golden Harvest Entertainment (Holdings) Limited has announced the cessation of its cinema operations in Hong Kong by June 29, 2025, following the closure of several of its cinema locations. This strategic decision is part of the company’s ongoing review of its operations and cost structure. The company expects to recognize non-recurring gains totaling approximately HK$65 million due to lease terminations and modifications, which may positively impact its financial results for the first half of 2025.
More about Orange Sky Golden Harvest Entertainment (Holdings) Limited
Orange Sky Golden Harvest Entertainment (Holdings) Limited is a company operating in the entertainment industry, primarily focusing on cinema operations. The company manages a number of cinemas across various districts in Hong Kong, offering movie screening services to the public.
Average Trading Volume: 2,180,238
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$112M
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