Jan 13, 2021 08:29 PM (GMT+8) · EqualOcean
Jianghe group announced that it plans to invest in cineworld Group PLC. As of the announcement date, the total accumulated investment is about 752 million yuan. The target company is the second largest movie chain in the world and the only listed company in the UK engaged in film business. Its main business covers many countries such as the UK and the United States. Affected by the epidemic, the target company closed all or part of its stores in different countries or regions or at the request of the government, which had a great impact on its operation, and the enterprise value was at a relatively low level in history. The company is optimistic about the development prospect of leisure and optional consumption. With the outbreak and spread of the global epidemic, high-quality companies in this field are at a low historical relative value and have better financial investment opportunities.