Village Roadshow (ASX:VRL) says the potential sale of its 50 per cent stake in its Singapore cinema exhibition business to Gold Village has not yet been completed.
The leading entertainment business previously announced to the market it was planning to sell its stake to mm2 Asia (SGX:1B0).
It comes as Village Roadshow says the steps in the shareholder agreement have not been completed, while the conditions in the sale agreement have not yet been fulfilled.
The parties say they are however in positive discussions with the transition.
Shares in Village Roadshow (ASX:VRL) are trading 1.55 per cent lower to $3.80.