Other cinema operators and investment firms have shown initial interest, said the people, who asked not to be identified as the information is private. Considerations are preliminary and Orange Sky Golden Harvest may still decide against a deal, the people said. A representative for the firm didn’t immediately respond to requests for comment.
Orange Sky Golden Harvest Entertainment Holdings is considering selling its movie theatres in Singapore and Taiwan and seeking a valuation of at least US$400 million for the assets, according to people familiar with the matter.
The Hong Kong-listed company is working with advisers on the potential divestment and has reached out to potential investors, the people said. The filmmaker may also consider selling its cinemas in Hong Kong, depending on investor response, the people said.
