|

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

  • Batbold Bold: So the Minister of Roads, who is currently overseeing hundreds of millions of dollars being pumped into low-quality road...
  • Ann Altman: Minister Gansukh’s brother is in charge of the income and asset declarations of politicians? This is an astonishing piece of...
  • Buryat: Dear Altan Khaan, We, your brothers and sisters from Siberia, do not want independence, we want to be a part of the Russian...
  • E B: Paul is a good friend, and really great human and lovely soul. I met him in Findhorn, but lost contact. Would love to reconnect....
  • jargal: Why no mention of corruption?