Hoyts sale up in the air after Chinese businessman snaps up parent
Sam Buckingham-JonesMedia and marketing reporter
Hoyts’ long-running sales process is on hold after a controlling stake in the Australian cinema giant’s parent company was acquired by Chinese streaming and production investment group China Ruyi.
The company had been controlled by billionaire businessman Wang Jianlin, who in December sold his Beijing Wanda Investment group to China Ruyi.
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