Shareholders Defeat Imax Bid to Buy up China Subsidiary, Shares Wobble

The Hong Kong-listed shares of Imax China wobbled in reaction to the defeat of a buyout proposal that would have seen the Canadian parent company Imax Corp. take outright control. Imax Corp. already owns a 71.5% majority of Imax China. But some 18% of shareholders who were not affiliated with Imax’s takeover bid voted against […]
Variety