Imax Corp. , Imax China Holding Inc. and Shanghai Bestar Cinemas Management Co. Ltd. said Tuesday they have reached agreement for seven new Imax theaters to be opened across China. The new theaters will be located in multiplexes in Tier Two and Tier Three cities, with six to be opened this year and rest in 2019. Imax shares were not active premarket, but have fallen 35% in 2017, while the S&P 500 has gained 10%.
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