|

Tengis Cinema to be privatized in 2014

By M.ZOLJARGAL

The Ulaanbaatar City Administration (UCA) owns 34 percent of Tengis Cinema, while the rest is owned by the South Korea-based Wayrich Resource Asia, which financed and renovated the cinema premises.

Recently, Member of Parliament S.Batbold and CEO of APU joint stock company P.Batsaikhan have purchased the 66 percent share from Wayrich.

The UCA has listed Tengis Cinema as one of the city owned assets to be privatized in 2014. The cinema has proven very profitable since its commencement and was built on the foundation of the former Victory Cinema. The Ulaanbaatar City Representative’s Council will finalize the decision to privatize the cinema in their next meeting.

 

Short URL: http://ubpost.mongolnews.mn/?p=6910

Posted by on Nov 30 2013. Filed under Domestic. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Recently Commented

  • Robert Russell: The ONLY thing G. Uyanga ever does is trying to gain publicity in illegitimate ways, like the OT, PM and Mongol Bank...
  • Robert Russell: If the Mongolian parlament keeps having members like G. Uyanga, we will be thrown back into the stone-age. The Prime...
  • Robert Russell: Mongolia has the highest markup on medical products in the world, leaving many Mongolians suffering without a chance to...
  • saidfhan: wlc for win Bolor Tsom Ts.Erdenebaatar,i am fan of you .i am really interested to read your poem.
  • James mccormack: Suppose the firemen, police, Doctor, or the army came when they wanted? Any company wouldn’t keep employees like...