Imperium Crown to buy 2 cineplex assets in China for $5 mil

SINGAPORE (Nov 1): Real estate investment group Imperium Crown on Tuesday announced it is acquiring a 30% stake each in two subsidiaries of Shandong Yinguang Chemical Industry Co. (Yinguang Group) for combined $5.0 million.

Yinguang Group holds real estate assets related to the cultural, media, art assets and businesses within the film industry in China’s Shandong province.

Imperium Crown will acquire a 30% stake in Linyi Yinguang Cineplex Management Co., a cineplex with a built-up area of approximately 2,600 sq m comprising five cinema halls that are scheduled to commence operations in June 2017.

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