(Reuters) – Cineworld said on Monday shareholders approved a plan for the world’s second-largest cinema operator to suspend its borrowing limit temporarily, giving the company much-needed breathing room to get through the COVID-19 pandemic.
The company, whose debt pile stood at $8.32 billion at the end of 2020, said 98.67% of the votes cast at the general meeting held earlier in the day were in favour of the resolution.
(Reporting by Muvija M and Indranil Sarkar in Bengaluru; Editing by Amy Caren Daniel)
