Village Roadshow still in discussions re 50% sale of Gold Village

Company News

by Jessica Amir

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.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.