Brief: Village Roadshow announces sale of stake in Golden Village Singapore

Orange Sky Golden Harvest Entertainment (Holdings)

01/10/2017 23:21

Oct 2 (Reuters) - Village Roadshow Ltd  VRL.AX  
    * 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 
 
Source text for Eikon:  ID:nASX5tV8VL  
Further company coverage:  VRL.AX  
 
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