FILM - PT. MD Pictures Tbk

Rp 350

-24 (-6,86%)

JAKARTA - PT MD Pictures Tbk (FILM) closed The Mixx Entertainment, a joint venture formed with Xing Xing (Hong Kong) International Investment Ltd due to the impact of the COVID-19 pandemic. The decision was announced by Venkatachari Soundarajan, Director of FILM, in a disclosure published yesterday.

He said the company decided to close down The Mixx Entertainment due to the impact of the COVID-19 pandemic. "The Mix Entertainment is a joint venture with FILM and Xing Xing each controlling 50% of the company," he said.

He explained that Mixx Entertainment was formed as a production house and distributor of films. "In the Extraordinary General Meeting of Shareholders (EGMS) held on 24 August 2020, the dissolution was ratified, and it was announced on September 24, 2020," he said. (LK/AR)