Orange Sky Sells Cinema Stake, Shareholders Approve

Orange Sky Golden Harvest Entertainment (Holdings) Limited (HK:1132) has released an update.

Orange Sky Golden Harvest Entertainment (Holdings) Limited has entered into an agreement to sell approximately 35.71% of its interest in VIE Show Cinemas Co. Ltd, with the transaction seen as a major move under the Listing Rules. Shareholder approval for the deal has been obtained through written consent, negating the need for a general meeting. However, there may be a delay in dispatching detailed transaction information to shareholders due to the preparation time required for the necessary financial and other data.

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