1 year ago
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London-listed cinema chain to restructure £4bn debt pile after filing for Chapter 11 protection in US
Existing shareholders in Cineworld will be wiped out under the embattled cinema operator’s latest proposals to reorganise the business and exit bankruptcy.
The London-listed chain, which was forced to file for bankruptcy protection in the US last autumn, said it had filed a reorganisation plan with an American bankruptcy court.
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