Previous Close | 0.8850 |
Open | 0.8850 |
Bid | 0.9050 x N/A |
Ask | 0.9700 x N/A |
Day's Range | 0.8850 - 0.8850 |
52 Week Range | 0.6800 - 1.1400 |
Volume | |
Avg. Volume | 50 |
Market Cap | 322.032M |
Beta (5Y Monthly) | 0.95 |
PE Ratio (TTM) | 12.64 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.01 (1.66%) |
Ex-Dividend Date | Jun 09, 2023 |
1y Target Est | N/A |
IMAX announces extending its collaboration with Hengdian Films to establish 20 new IMAX locations in China.
IMAX, which currently owns 71.6% of its Chinese subsidiary, had offered to buy IMAX China at HK$10 ($1.28) per share in July, a 49% premium to the 30-day average closing price at the time. The remaining 28.4% stake of IMAX China was valued at about$98.7 million, as of the company's last closing price. The listing of IMAX China's shares will not be withdrawn, the company said in a statement.
IMAX China said on Tuesday that its shareholders have rejected a proposal of its U.S.-based parent to buy the remaining stake in the Hong Kong-listed company for about $124 million. IMAX, which currently owns 71.6% of its Chinese subsidiary, had offered to buy IMAX China at HK$10 ($1.28) per share in July, a 49% premium to the 30-day average closing price at the time. The remaining 28.4% stake of IMAX China was valued at about$98.7 million, as of the company's last closing price.