Imax Corp. is planning to acquire full control of its China subsidiary, the company announced Wednesday.
The company is paying roughly HK$10 per share in cash, or $124 million.
The capital markets in China have not really appreciated the Imax China story, he said.
A Jinyi Imax Cinema in Shenzhen, Guangdong Province, ChinaGetty Images
The sector is down, the volume is very low.
We used to have 15 analysts that covered us.
We now have three analysts that cover us.
Today, there are more than 770 IMAX commercial locations in Greater China, most of any global territory.
The company continues to offer a diverse mix of Hollywood and local language blockbusters across its Chinese connection.
A greater number of Hollywood films are securing release dates in China.
Imax China will remain headquartered in Shanghai, with offices in Beijing.
