Pyramid Saimira Group to expand business in Malaysia

Kuala Lumpur (Malaysia), Dec 24: Pyramid Saimira Group, one of India"s leading entertainment groups, will invest nearly RM 84 million in 2008 to convert its cineplexes in Malaysia into full-fledged digital screens.

The Star quoted P.S. Saminathan, the group"s managing director, as saying that the expansion plan included adding hotels to its entertainment complexes.

He said the Chennai- based company, with business interests in Singapore and the United States, has earmarked entertainment-savvy Malaysia as an important base for its fast-expanding businesses and had so far invested between RM 66 million and RM 83 million in Malaysia.

Besides operating 51 cineplexes, the group has the second largest theatre chain in Malaysia and is involved in producing Malay, Chinese and Tamil films.

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