[2021.01.28] PETER LAM EXPANDS CINEMA BUSINESS DURING THE PANDEMIC

courtesy of on.cc

The pandemic has affected many industries, including the film industry. Cinemas have been closed three times. Lai Sun Group chair Peter Lam Kin Ngok's Intercontinental MCL cinema circuits however expanded its Tsim Sha Tsui business. MCL's parent company esun holding limited for HK$ 56 million purchased UA's K11 Musea cinema K11 Art House. It will take over operation on March 1st and become MCL's first IMAX cinema. The take over this time was rumored to be at HK$ 2 million monthly rent.

In addition, MCL also signed a contract with THE ONE to take over the currently operating Broadway Circuit in 2023 with HK$ 1 million monthly rent. With this expansion, MCL would have 18 screens at 2 Tsim Sha Tsui cinemas.

Lam Kin Ngok has always been very supportive of the film industry. Earlier, ten Hong Kong film companies teamed up to make the pandemic film JUNG SI YAU OI JOI GAK LEI. His company Media Asia was one of the participating companies. During the production, he even lent the Ocean Park Marriott Hotel as a key location for the film. Michael Hui Koon Man, Louis Cheung Kai Chung, Cecilia So Lai Shan and others were present for the shoot there.