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Yongtai Encore Malaysia theater worth 300million. And it will divest 70% of the company it own that own the theater. If the sales went through, it will get cash 210 million or more. Currently market cap is $144mil
Temporary no future. Cause encore Melaka not working as expected and therefore the surrounding development value affected. Until it can sell out 70% encore Melaka ownership, else the finance situation very terrible. Investor refuse to pump in more money. At the moment only just keep bleeding.
