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Cathay Cineplexes operator to acquire cinema in Clementi
The Straits Times
|October 19, 2024
Singapore-listed mm2 Asia, which operates the Cathay Cineplexes business, announced on Oct 18 that it will acquire and take over operations of WE Cinemas at 321 Clementi mall on Nov 1.
It also reached an agreement to start operating the Clementi cinema as Cathay Cineplexes Clementi 321.
The Clementi cinema was owned by EW Cinemas, which is a wholly owned subsidiary of Eng Wah Global.
Mr Melvin Ang, mm2 Asia's executive chairman, said: "The cinema... is well located in the heart of Clementi, in a well-positioned estate which serves a good spread of public and private housing estates, polytechnics and universities; and is the nearest to town (compared with) all our other cinemas operating today." He added that the addition demonstrates the the company's continued confidence in the cinema business and the belief that blockbusters will be back on screens soon.
This story is from the October 19, 2024 edition of The Straits Times.
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