Cathay Cineplexes has ceased operations across Singapore as of 1 September, marking the end of an 87-year legacy in local cinema.
This follows the closing of The Projector which also resulted in a voluntary liquidation that began on 19 August after their 10-year run of being a beloved cultural space in the local art scene.
Parent company mm2 Asia announced the decision to wind up Cathay Cineplexes due to ongoing financial difficulties and unsuccessful negotiations with creditors. The move was formalised through a voluntary liquidation process, which also led to the resignation of Cathay’s board of directors.
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Cathay Cineplexes, which operated eight locations islandwide, has been a staple of Singapore’s entertainment scene, with roots tracing back to the iconic Cathay Building that opened in 1939.
mm2 Asia had acquired Cathay Cineplexes in 2017, hoping to revitalise the brand amid stiff competition from streaming platforms and other cinema chains. However, the business continued to face losses, reporting a net loss of S$75.2 million in 2024.
According to reports, affected employees have been notified, and alternative arrangements are being explored. The liquidation will be handled by appointed professionals from Coseclinic and Baker Tilly.
This marks the end of an era for generations of moviegoers who grew up catching blockbusters and first dates at Cathay’s beloved cinemas.
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