UA Cinemas announced the closure of all lines: closed for nearly half a year without layoffs, liquidation has been initiated and more than 100 employees have been laid off

Social News

Written by: Chen Shuxia

2021-03-08 09:16

Last update date: 2021-03-08 09:16

All UA theaters will be closed today!

The news of the closure of UA Cinemas came out early this morning, and its official website has also ceased operation. So far UA Cinemas announced that due to the impact of the epidemic, it was overwhelmed by operating pressures, so it was helpless to close. UA Cinemas has initiated liquidation procedures and has hired more than 100 employees The ordinance provides basic severance payment and additional ex-gratia payment to everyone for future use.

(Provided by readers)

The website of Liji Group, the parent company of UA Cinemas, is also shown as "webpage updating".

A UA spokesperson said that since its opening in 1985, UA Cinemas has been committed to providing high-quality and professional cinema services to Hong Kong people.

Growing up with the people of Hong Kong for 36 years and becoming a part of everyone's life.

Unfortunately, due to the impact of the epidemic and operating pressure, UA Cinemas will be closed on all lines starting today (March 8).

The spokesperson continued that the economic environment changed drastically in 2019, and last year was even hit by the epidemic. Cinemas were ordered to close three times in the past year.

In the face of zero income in the past six months, theaters still have to cope with high rents and other huge fixed expenses; even though theaters have been closed for nearly six months, the company did not lay off employees due to the epidemic.

However, the operating pressure is increasing, and the living space is shrinking.

Despite struggling to increase revenue and reduce expenditure for more than a year, it is still no match for the heavy economic pressure.

With no choice but to close down, I hereby solemnly apologize to the people of Hong Kong who have supported us for a long time.

The spokesman also said that he is very grateful to more than a hundred colleagues who have overcome difficulties with the company over the past period of time.

In order to help colleagues cope with their urgent needs, in addition to the basic severance payment in accordance with the Employment Ordinance, each colleague will also receive an additional ex-gratia payment for each person to use.

In order to comply with legal procedures and protect the interests of all parties, UA Cinemas has initiated the liquidation process. If individual customers or partners have any enquiries, please call 3104-1777 or 3104-1779.

The UA Cinemas cinema network passes the final tribute to the audience in advance: unforgettable IMAX to see Batman jump ifc

The UA Cinemas webpage and APP suddenly stopped operating, and the official website of the parent company Liji Group could not be logged in

Rumor has it that UA Cinemas’s same-day closing website and mobile app can no longer be connected

Coronavirus disease