Vietnamese entertainment company Galaxy Studio is putting the cinema operations up for sale and seeks to exit the business, according to an industry source familiar with the company.
The source said Galaxy Studio, chaired by 56 year-old businesswoman Dinh Thi Hoa, was talking to private equity firms to mint $25 million from the sale. A negotiation with a well-established PE fund failed because the management team of Galaxy Cinema wanted to exit the business, while the fund wanted the founder to stay and run the company, the source added.
