ID Leisure Ventures has been confirmed as the buyer of Hoyts. The company is a close associate of Wanda group, owner of AMC and the biggest theater chain in China.
Wanda Cinema Line
Previously rejected by regulators, company is now set to raise $326 million.
Largest exhibition chain seeks capital for further expansion
Company is China's largest theater chain and linked to AMC in North America.
AMC Entertainment owner seeks listing of Chinese circuit