Cineworld shareholders to be wiped out under bankruptcy plan
by Joanna Partridge from US news | The Guardian on (#6ANY4)
London-listed cinema chain to restructure 4bn debt pile after filing for Chapter 11 protection in US
Shareholders in Cineworld will be wiped out under the embattled cinema operator's latest proposals to reorganise the business and exit bankruptcy.
The London-listed chain, which filed for bankruptcy protection in the US in autumn, said it had filed a reorganisation plan with an American bankruptcy court.
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