Proposed Merger Of Korean Cinema Chains Lotte & Megabox Collapses

Article excerpt

South Korea’s second and third largest cinema chains, Lotte Cinema and Megabox, have called off their proposed merger. Lotte Shopping revealed in a corporate filing on Wednesday that the memorandum of understanding signed with Megabox parent company Contentree JoongAng to merge the two chains was terminated on June 30.  First signed in May last year, […]