Cinema operator IMAX proposes to take full control of HK-listed China unit in $124m deal

Cinema operator IMAX proposes to take full control of HK-listed China unit in $124m deal

People wait for movie screening at an IMAX theatre inside the Wanda Plaza in Xinxiang, Henan province, China March 23, 2018. Picture taken March 23, 2018. REUTERS/Stella Qiu/File Photo

Cinema operator IMAX said on Wednesday it has proposed to acquire full ownership of its Hong Kong-listed, China subsidiary in a deal valued at about $124 million.