Tuesday, 6 March 2012

PPB Group’s Golden Screen Cinemas sets RM130m capex for 11 new cinemas

KUALA LUMPUR (March 6): PPB GROUP BHD []’s unit Golden Screen Cinemas Sdn Bhd (GSC) has allocated RM130 million to finance the setting up of 11 cinemas with 100 new screens within the next three years.

GSC chief executive officer Koh Mei Lee said on Tuesday the cinemas would be in Selangor, Pahang, Negri Sembilan and Sarawak.

“The growth in cinemas will be in tandem with shopping malls,” Koh told reporters at PPB’s press and analyst briefing here .

Of the RM130 million, a total RM70 million will be spent this year, she said.

According to PPB’s website, GSC has 180 screens across 22 locations nationwide.

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