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News: VRL Village Roadshow announces sale of stake in Golden Village Singapore

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    02/10/17
    09:45
    Post #: 27588186

    Oct 2 (Reuters) - Village Roadshow Ltd (VRL)

    • Sale of stake in Golden Village Singapore
    • Net proceeds to VRL are anticipated to be about A$165 million, realising a net profit after tax of about A$150 million
    • Proceeds of sale will initially be used to reduce VRL's debt levels
    • Signed agreement to sell 50 percent stake in Singapore Cinema Exhibition Business, to Orange Sky Golden Harvest Entertainment
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