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Cineworld shareholders back plan to suspend borrowing limit

April 12 (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)

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