Film distribution and cinema operations firm Golden Harvest Entertainment (Holdings) says it is feeling 'some urgency' about having its shares return to active trading on the stock exchange. Its shares were suspended in September after a $400 million general offer for its shares concentrated a 93.5 per cent stake in the hands of its controlling shareholders, chairman Raymond Chow Ting-hsing and Village Roadshow, Australia's largest entertainment concern. The stock exchange requires that its members have at least 25 per cent of their shares in public hands. 'We are feeling some urgency to have the shares reinstated . . . definitely, we would like to see the shares being traded,' Mr Chow said yesterday after the company's annual meeting of shareholders. He said the company was working on a plan which might soon be submitted to the stock exchange for approval. 'We hope that the shares can resume trading by the end of the year, but if not, then as soon as possible after that,' he said. Mr Chow and Village Roadshow formed a joint venture in August with the intention of buying a 50.54 per cent stake in Golden Harvest, which triggered the general offer. The deal emerged partly as a settlement between the two after Golden Harvest made a $56.5 million share placement to a trio of high-profile investors, including Rupert Murdoch, Li Ka-shing and Robert Kuok, whose Kerry Media has a 34.9 per cent interest in South China Morning Post (Holdings). Village Roadshow, then a minority shareholder, moved quickly to block the deal in the courts. Mr Chow owns an additional 5.2 per cent of Golden Harvest outside the Village Roadshow partnership. Village Roadshow and Golden Harvest together operate about 200 cinema screens in Southeast Asia. Last month, Golden Harvest said it had lost $90.49 million in the half to June, pinning most of the blame on bad debts and foreign-exchange losses. Mr Chow said it had begun recovering some of the $44 million owed it, but declined to quantify the present situation. 'Overall, because of the poor economy, our business is still declining, but I think we are through the worst of it,' he said.