CJ CGV Signs MOU with Chinese Corporation

CJ CGV signed an MOU on the 24^th of last month with the Jiangsu Jiuzhou Investment Group, a prominent real estate development organization in Changzhou City, Kiangsu Province, China.

This MOU signing was completed at the request of the Jiuzhou Investment Group, which had already experienced Shanghai SFG CGV’s excellent facilities and unique services.  For the next year, CJ CGV has acquired the first bargaining claim from the Jiuzhou Investment Group for multiplex development projects.   

Shanghai SFGCGV, the first CGV branch in China, attained a 120 percent year-on-year increase growth rate over last year’s goal. Shanghai SFGCGV has been a major success in China, and CJ CGV plans on expanding into other major cities in China, starting with the opening of its second branch in Shanghai at the end of this year.