Once administrators have been appointed, they will take steps through which substantially all of Cineworld Group plc's assets will be transferred to its wholly owned subsidiary, Crown UK Holdco Limited. A newly incorporated company to be controlled by the group's lenders will become the sole owner of Crown, with Cineworld Group plc ceasing to have any interest in Crown or the rest of the group. Although the restructuring plan is intended to allow the business of the group to emerge from the Chapter 11 cases as a continued going concern, it will not achieve a rescue of Cineworld Group plc itself.