Hotline: 08887 08817

Phuong Nam to divest from Korean cinema chain CGV

Under pressure to pay a $7-million debt and an $812,115 interest, Phuong Nam Culture JSC or PNC has to sell more than half of its shares held in CJ CGV Vietnam Co., Ltd.

Gaining over $118 million on revenue, is CGV taking over the cinema market in Vietnam?

The CGV cineplex Vietnam is posing a risk of exclusive distribution in the current cinema market, especially, with the recent shutdown of Platinum, another big competitor.

Stock indexes
976.78 7.38 0.76
Volume: 86,705,154 Value: 2,470.43 (Billions VNĐ)
110.47 0.31 0.28
Volume: 28,230,357 Value: 485.13 (Billions VNĐ)
51.75 -0.04 -0.07
Volume: 7,398,196 Value: 121.08 (Billions VNĐ)
963.46 7.71 0.81
Volume: 27,524,420 Value: 1,226.28 (Billions VNĐ)