C CGV, a company that is one of the world’s top ten cinema exhibitors and is also a major cinema technology developer, is to raise close to $800 million in order to shore up its finances after a devastating COVID era.
The company operates the largest cinema chain in its native South Korea and has significant numbers of screens in Vietnam, Indonesia, Turkey and mainland China, with smaller operations in Myanmar and the U.S.
Source: CJ-CGV, Korean Exhibition Chain, Seeking Capital Injection – Variety