Orange Sky Golden Harvest has addressed rumors about potential breakup. The company expects losses for 2023 and denies plans to sell its cinemas in Singapore. The company was once known as Golden Harvest, famous for its film productions in the 1970s and 1980s. Despite once being a prominent figure in the film industry, the company has not been as active in production in recent years.
The company stated that it anticipates a significant net loss for 2023, citing a decrease in profitability despite growing box office activity. An earlier gain from a property sale in 2022 led to a better financial outcome that year. Following reports suggesting the potential sale of its cinema chains in Singapore, Hong Kong, or Taiwan, Orange Sky Golden Harvest clarified that there are no current plans to sell off any part of its business. The company emphasized its continuous evaluation of strategic opportunities, but affirmed its commitment to its current operations.
