<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 13): PPB Group Bhd, which is controlled by billionaire Robert Kuok, said no decision has been made on the sale of its cinema operator company Golden Screen Cinemas Sdn Bhd (GSC), as reported by <em>Bloomberg</em>.</p></div>

<div class=newsTextDataWrapInner><p>"No decision has been made to pursue any particular option and no transaction has been agreed," PPB Group said in a Bursa Malaysia filing today.</p></div>

<div class=newsTextDataWrapInner><p>"The company regularly evaluates various strategic options for all its businesses, including GSC, with a view to optimising shareholder value," it added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>PPB Group advised its shareholders and potential investors that the evaluation of strategic options may or may not result in any transaction.</p></div>

<div class=newsTextDataWrapInner><p><em>Bloomberg</em>, citing sources, said PPB Group was seeking a buyer for GSC. With 345 digital screens in Malaysia and Vietnam, the company could fetch a value of US$500 million (about RM2.05 billion) at most.</p></div>

<div class=newsTextDataWrapInner><p>PPB Group had received first-round bids for GSC, according to one of the sources quoted by the newswire.</p></div>

<div class=newsTextDataWrapInner><p>Its shares fell by as much as 20 sen or 1.23% to RM16 today, before paring its losses to close at RM16.04. The company, which is a constituent of the FBM KLCI, is valued at RM19.16 billion.</p></div>

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KUALA LUMPUR (Sept 13): PPB Group Bhd, which is controlled by billionaire Robert Kuok, said no decision has been made on the sale of its cinema operator company Golden Screen Cinemas Sdn Bhd (GSC), as reported by Bloomberg.

"No decision has been made to pursue any particular op...

PPB Group says no decision made yet on GSC sale

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<p>Five of the so-called “Bali Nine” prisoners were returned to Australia, more than 19 years after their arrests in a drug smuggling case that periodically damaged ties with Indonesia.</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>
