KUALA LUMPUR (Oct 15): Ekuiti Nasional Bhd (Ekuinas)-backed MCAT Box Office Sdn Bhd, more commonly known as MBO Cinemas, is facing liquidation following cash flow problems since the implementation of the government-imposed movement control order (MCO) to curb the spread of the Covid-19 pandemic.
“We would like to inform you that on Oct 14, 2020, the board of directors of MCAT Box Office Sdn Bhd passed resolutions placing the company in creditors voluntary liquidation and appointing Lim San Peen of PricewaterhouseCoopers Advisory Services Sdn Bhd as interim liquidator,” read a notice to creditors sighted by The Edge.
The notice also calls for a meeting between the creditor and the interim liquidator to discuss the liquidation process. In…
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