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+---- Thread: MCO forcing MBO to draw the final curtain? (/thread-108.html)
MCO forcing MBO to draw the final curtain? - superadmin - 10-16-2020
PETALING JAYA: MBO Cinemas, the third largest cinema chain operator in the country, is facing liquidation due to cash flow problems stemming from the movement control order (MCO) that has been in place since March due to the Covid-19 pandemic, The Edge reported.
The MCO, enforced on March 18, followed by variations of movement restrictions nationwide will remain until the end of the year with most states in the recovery MCO (RMCO) mode. Several states have now reinstated the conditional MCO (CMCO) following a surge in Covid-19 cases.
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