GIC to invest $261m in Indonesian cinema operator
GIC, Singapore’s sovereign wealth fund, has committed to invest up to IDR3.5 trillion ($261 million) in Indonesian cinema operator Nusantara Sejahtera Raya (NSR).
According to a statement, the capital will be used for a national expansion of NSR's footprint, which currently includes the Cinema 21, Cinema XXI and The Premiere brands. It follows a liberalization of...
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