Shareholders reject cinema operator IMAX's buyout proposal of China unit

Shareholders reject cinema operator IMAX's buyout proposal of China unit

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

IMAX China said on Tuesday that its shareholders have rejected a proposal of its US-based parent to buy the remaining stake in the Hong Kong-listed company for about $124 million.