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Penrith HOYTS Cinema. More Information. At the heart of Westfield Shopping Centre, HOYTS Penrith is surrounded by restaurants, retail outlets and entertainment facilities for the whole family. Relax and indulge in some of the many treats available within the doors of HOYTS Penrith, including gaming facilities, Ben & Jerry’s Ice Cream. If you want to experience films on a bigger screen and in bigger sound, HOYTS Penrith have a massive Xtremescreen cinema at 1. HFR 4. 8 Frames Per Second capability.
China’s Wanda Buys Australia’s Hoyts Multiplex Chain – Variety. China’s Wanda Cinema Line is to buy Hoyts Group, Australia’s second largest chain of movie theaters. The transaction was revealed in a regulatory filing by Wanda Cinema, which is a unit of the giant Dalian Wanda group which also owns North American cinema chain AMC Entertainment. The value of the transaction was not disclosed by Wanda. However, the price tag is likely to be in excess of US$7. A$9. 00 million). That is the price understood to have been paid in December 2.
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ID Leisure Ventures, a Chinese investment and property company headed by Sun Xishuang who has very close and friendly relations with Dalian Wanda. ID acquired Hoyts from private equity group Pacific Equity Partners, which had owned the circuit since 2. In early 2. 01. 4 PEP considered giving Hoyts an IPO on the Australian Stock Exchange, but later settled on a trade sale. Dalian Wanda may have had its eye when PEP put the chain on the market earlier last year. But making the purchase would have been logistically difficult as, at the end of 2. Wanda Cinema Line on China’s Shenzhen Stock Exchange and Wanda Commercial Properties in Hong Kong. Sun also heads property developer Dalian Yifang and owns a 6.
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Wanda Commercial Properties and a 4. Wanda Cinema Line. Wanda Cinema Line is China’s largest private sector cinema operator with over 1. Hoyts operates some 4. Australia. The move further underlines the Wanda group’s moves into entertainment and leisure and also into Australia. Wanda is building China’s largest film studios on a site in Qingdao which will house 3.
Earlier this year Wanda also bought control of Infront Sports & Media AG for Euros. Euros. 45 million investment in Spanish soccer club Atletico Madrid. Wanda recently announced the building of a $9. Queensland’s Gold Coast. Last month it announced the opening of a new air route between Gold Coast and Wanda’s heartland, Wuhan.“We look forward to the investment and development of Hoyts going forward under the ownership of a new investor, ID Leisure,” said Hoyts chief executive Damian Keogh in a statement in December 2.
ID takeover. “Hoyts is embarking on a number of exciting opportunities and together with ID Leisure, we will continue to invest in the exceptional customer experience currently offered to 2.