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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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
