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IMXCF / Imax Scraps Plan To Buy Rest Of Imax China After Shareholder Vote Falls Short

Imax said today it won't proceed with its proposed acquisition of the outstanding stake in Imax China after a vote of shareholders of its subsidiary fell short. Some 70% of the shares voted were in favor of the deal, but those against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. Read More

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Posted: Oct 10 2023, 09:16

Author Name: Deadline

IMXCF News

By Deadline
October 10, 2023

Imax Scraps Plan To Buy Rest Of Imax China After Shareholder Vote Falls Short

Imax said today it won't proceed with its proposed acquisition of the outstanding stake in Imax China after a vote of shareholders of its subsidiary f

By Forbes
July 12, 2023

IMAX Offers To Buy Share Shares It Doesn't Own In IMAX China For $124 Million

Greater China unit listed in Hong Kong was undercovered and undervalued, IMAX CEO Rich Gelfond said.

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