Retail in Asia

In Sectors

Thailand’s Major Cineplex wants to raise stake in Indian cinema chain PVR

Major Cineplex Group, Thailand’s largest cinema operator, expects revenue in the first quarter to be higher than last year due to better advertising sales and the public’s growing appetite for 3-D films.

Major holds about an 11 percent stake in PVR and is looking to raise its share.

The company, which competes with SF Cinema, draws 25-30 million viewers with about 300 movies hitting the screen each year.