Hawera Cinema

Three groups interested in buying Hawera cinema 20 April 2006
By RICHARD WOODDThree parties have registered interest in buying Hawera's Cinema 2 from the local owners.
Two are from outside Taranaki and one of them would keep the cinema going. The other would remove the cinema and use the building for other commercial purposes.
The third party is a local group that hopes to establish a community trust to take over and operate the cinema.
In February, the 50 shareholders invited a trust purchase to save the cinema from closure, saying they were not prepared to continue bearing the financial losses.
"All parties have inspected the assets and we've had directors' meetings, but nobody has made an offer yet, so anything could happen," chairman of directors Graeme Champion said.
He said the directors were hoping to have a clear decision made by the end of April or early May, but were prepared to extend the negotiating period if requested.
A shareholders' meeting would be called to consider the directors' recommendations.