The Jakarta Post - PT Graha Layar Prima, operator of the Blitzmegaplex cinema chain, is due to launch three new cinemas this year, using proceeds from its recent initial public offering (IPO).

The cinemas would be built in Yogyakarta; Bandung, West Java, and Balikpapan, East Kalimantan, costing around US$2 million for each cinema, Graha Layar Prima’s marketing director, Ferdiana Yulia Sunardi, said on Thursday.

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