MCAT Box Office Sdn Bhd, or commonly known as MBO Cinemas, is said to be facing liquidation due to cash flow problems since the implementation of the Movement Control Order (MCO). According to a report by The Edge, a notice of the liquidation was sent out to creditors by company backer Ekuiti Nasional Bhd (Ekuinas).
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, wrote Ekuinas in the aforementioned notice.
The notice also calls for a meeting between the creditor and interim liquidator to discuss…
Read the full article at: https://www.lowyat.net/2020/223851/mbo-cinemas-reportedly-facing-liquidation/