Reported 12 months ago
On June 30, 2024, at 8:15 pm, a Hong Kong company sold its shares to a banking network, marking a new phase for Vieshow Cinemas. Taiwan's leading cinema chain, Vieshow, saw a major change in shareholders recently. With the addition of a new shareholder, the company is entering a new era. The long-term issue of conflicting management philosophies among Vieshow's major shareholders has led to changes, with the Hong Kong Orange Sky Golden Harvest Group gradually selling its assets and eventually selling its stake in Taiwan's Vieshow Cinemas to the banking network. Vieshow currently operates 19 theaters in Taiwan, holding a market share of over 40%. Despite a temporary decline in performance due to the pandemic, the company's operations are gradually recovering as the situation improves. As the banking network becomes the largest shareholder of Vieshow, upcoming shareholder meetings will see new developments and strategies introduced to enhance consumer experiences and entertainment services.
Source: YAHOO