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Cathay cinemas will operate as usual, despite its sale falling through
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Cathay's parent company, mm2, had hoped that the proposed sale would stabilise the group's financial situation.
PHOTO: ST FILE
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SINGAPORE - It will be business as usual for Cathay Cineplexes after an agreement to sell the business to local investment firm Kingsmead Properties fell through.
In a statement to The Straits Times, a Cathay spokesman says: "(We) remain committed to deliver the same high level of service and programming. The possible sale of ownership will not have any impact on our operations."
