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Source: straits times 2013 Cinema chain WE Cinemas, owned by Eng Wah Global, is giving up two locations in West Mall and Suntec City Mall to rival operators Cathay Cineplexes and Golden Village respectively. This comes two years after reports of Eng Wah's plans to upgrade its six halls in West Mall, in Bukit Batok. The renovations were slated for 2011, then postponed to last year. The 1,380seat cineplex, on the mall's fifth floor, ceased operation in October and Cathay took over on Nov 30. WE Cinemas sales and marketing director Vivien Ong said the move out of West Mall was a business decision. The chain is looking "at various opportunities and new locations", she added. Meanwhile, major operator Golden Village confirmed yesterday that it will take over the space in Suntec City Mall currently occupied by WE, in the months to come. Golden Village chief executive officer Kurt Rieder says: "Golden Village is excited to be developing a state of the art multiplex at the revamped Suntec City Mall, the first in the marina/financial district." He adds: "We chose Suntec City Mall because of the impressive redevelopment plans, connectivity to public transportation and its ideal mix of retail, commercial and convention space." WE currently has one multiplex in operation, the 21,000 sq ft location at Suntec City Mall, with five screens and 1,072 seats. This is down from its 26 cinema screens and more than 5,300 seats in 2007. In the past few years, WE has shuttered its cineplexes at Jubilee in Ang Mo Kio and at Toa Payoh Entertainment Centre. In 2011, Hersing Corporation, which owns companies such as ERA Real Estate, bought the threestorey centre in Toa Payoh, now renamed ERA Centre, for $66 million. Out of the five former WE halls there, three have been converted into ERA offices. The other two have been refurbished by the real estate company for training purposes and occasional movie screenings for its staff and clients. In December 2010, Life! reported that Eng Wah planned to open at Empress Square in Clementi. That project was touted as their biggest cineplex, with 10 halls and 1,300 seats. With a reported $10million budget, it was slated to open this year. Source: business times Singapore 2005

Eng Wah Report

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Page 1: Eng Wah Report

Source: straits times 2013

Cinema chain WE Cinemas, owned by Eng Wah Global, is giving up two locations inWest Mall and Suntec City Mall to rival operators Cathay Cineplexes and Golden Village respectively.This comes two years after reports of Eng Wah's plans to upgrade its six halls in West Mall, in Bukit Batok. The renovations were slated for 2011, then postponed to last year. The 1,380seatcineplex, on the mall's fifth floor, ceased operation in October and Cathay took over on Nov 30.

WE Cinemas sales and marketing director Vivien Ong said the move out of West Mall was a businessdecision. The chain is looking "at various opportunities and new locations", she added.

Meanwhile, major operator Golden Village confirmed yesterday that it will take over the space in SuntecCity Mall currently occupied by WE, in the months to come. Golden Village chief executive officer Kurt Rieder says: "Golden Village is excited to be developing a state of the art multiplex at the revamped Suntec City Mall, the first in the marina/financial district." He adds: "We chose Suntec City Mall because of the impressive redevelopment plans, connectivity to public transportation and its ideal mix of retail, commercial and convention space."

WE currently has one multiplex in operation, the 21,000 sq ft location at Suntec City Mall, with five screens and 1,072 seats. This is down from its 26 cinema screens and more than 5,300 seats in 2007.In the past few years, WE has shuttered its cineplexes at Jubilee in Ang Mo Kio and at Toa PayohEntertainment Centre.

In 2011, Hersing Corporation, which owns companies such as ERA Real Estate, bought the threestoreycentre in Toa Payoh, now renamed ERA Centre, for $66 million. Out of the five former WE halls there, three have been converted into ERA offices. The other two have been refurbished by the real estate company for training purposes and occasional movie screenings for its staff and clients.

In December 2010, Life! reported that Eng Wah planned to open at Empress Square in Clementi. Thatproject was touted as their biggest cineplex, with 10 halls and 1,300 seats. With a reported $10millionbudget, it was slated to open this year.

Source: business times Singapore 2005

Eng Wah currently has two main sources of income: entertainment (cinemas), and property. Propertyincome from its numerous cineplex malls accounts for two thirds of the company's profit.

Source: straits times 2010

The Eng Wah cinema chain is redoing its cineplexes and adding features such as new seats and a

Page 2: Eng Wah Report

ticketing system

The Eng Wah Group is splashing out more than $100 million to give its cineplexes a facelift. All the halls in Suntec City, West Mall in Bukit Batok and Empress in Clementi will be fitted with new seats. A $500,000 ticketing system has been implemented at Suntec City and West Mall.

The cinemas at Empress, which have been closed for four years, are also being renovated now and willreopen as the operator's biggest cineplex with 10 halls and 1,300 seats in 2012. It will also be redeveloped as Empress Entertainment Centre, a shopping mall that will include the upgraded cineplex.

Source: daily variety 2008

Eng Wah Organization, one of the best known names in Singapore's entertainment scene, disappeared this week from the country's stock market.

Company has completed a $660 million reverse takeover by Japanese biotechnology firm Transcutaneous Technologies and stock has now been renamed Transcu.

In August, it was announced that Empress Theater, Toa Payoh Entertainment Center, JubileeEntertainment Complex and the 16th floor at Orchard Towers would be sold for S$99.5 million ($65.9million) to a company owned by Eng Wah founder Goh Eng Wah and his daughter, Eng Wah’s MD Goh Min Yen. The other businesses were sold to the pair for $3.64 million.

Source: the edge Singapore 2011

The company now owns the Jubilee Entertainment Complex in Ang Mo Kio and the Empress Entertainment Complex in Clementi. Jubilee no longer screens movies but is occupied by retail tenants. Empress is being redeveloped into a six storey property that will house lifestyle retail stores and 12 cinema halls that can seat more than 1,000 people when completed in 2013. The company used to own the Toa Payoh Entertainment Centre, its first cinema venue in an HDB town. The three storey property was acquired in February for $66 million by Hersing Corp, which will turn it into a retail and office complex.

The only movie halls Eng Wah now operates are the 11 in Suntec City and West Mall at Bukit Batok, which offer 2,400 seats in total. Six of these halls are equipped with 3D technology. Besides cinemas, the Goh family also runs the 86 room Hotel Fort Canning and The Legends Fort Canning Park clubhouse at 11 Canning Walk, both of which opened last November. The family’s portfolio also includes the Legends Golf & Country Resort in Johor. These three properties are run by Goh’s husband, Oh Chee Eng.

Cinemas rebrandedIn an effort to better engage moviegoers amid competition from players such as Golden Village and alternative entertainment platforms such as video on demand, the company rebranded its theatres last month. Reversing the founder’s initials, the group renamed its movie outlets WE Cinemas. They were previously known simply as Eng Wah cinemas.

“I know it sounds a bit corny, but we want a name that symbolises vibrancy, that we are in with the times, that we care for you,” Goh says. The rebranding is essential for Eng Wah to connect with today’s “very different” crowd, she adds. As part of the

Page 3: Eng Wah Report

revamp, the group will interact with moviegoers through Facebook and Twitter. “This is a very digitally connected world, with Facebook and Twitter. People want to be able to touch and feel and tell their friends about their experience.”

Source: today Singapore 2011

The movie theatres formerly known as Eng Wah Cinemas unveiled a new identity for its cinema operations in Singapore yesterday at Suntec City. Now known as WE Cinemas, it is in line with Eng Wah Global’s objective to reinvent its image, expand its presence and provide a fresh cinema experience for a new generation of movie buffs.

“The new WE Cinemas brand represents a strategic new direction as we look to expand our businesslocally and regionally,” said Goh Min Yen, managing director of Eng Wah Global.