Global City Holdings
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19

Jun

Opening of a new Cinema City multiplex in Modiin, Israel

 

The Board of Managing Directors of Cinema City International N.V. (the “Company”) is informing about the opening on 18 June 2008 of a new multiplex in Modiin, Israel.
The multiplex in Modiin, with 6 screens and 957 seats, is the Company’s 19th multiplex in Israel.

Funds spent on this investment were primarily sourced from the Company’s own funds and from proceeds gained in its initial public offering.