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Former Bruce Lee Studio, Orange Sky Golden Harvest, Is Worth Less Than $20 Million as Group Issues Fourth Profit Warning in Two Years
Orange Sky Golden Harvest is worth less than $20 million as group issues fourth profit warning in two years.
The company has moved away from Lee’s legacy and these days owns the largest cinema chain in Singapore, as well as others in Taiwan and Hong Kong. That may be a further sign that cinema box office is struggling to recover in East Asia’s more mature economies, where OSGH is focused. In 1993, at the end of the Hong Kong film industry’s golden age and before the territory’s handover from the U.K. to China, Golden Harvest sold its entire film library to STAR-TV, and the following year raised $29 million through an IPO with the proceeds going towards building cinema chains in Southeast Asian.
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