CJ CGV Suspends Operations at CGV Theaters in China
[Asia Economy Reporter Oh Ju-yeon] CJ CGV announced on the 10th that it has decided to suspend operations at CGV theaters located in China to prevent the spread of the novel coronavirus infection (Wuhan pneumonia).
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The company stated, "In response to requests from various local governments in China to suspend operations to prevent the spread of the novel coronavirus, we have suspended operations at CGV theaters in China. We are currently monitoring the situation in real-time and are reviewing and negotiating measures to minimize losses during the suspension period, including discussions with landlords for rent reductions and reviewing business interruption insurance."
This content was produced with the assistance of AI translation services.
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