Exhibit 5
April 18, 2007
Cinemark Holdings, Inc.
3900 Dallas Parkway
Suite 500
Plano, Texas 75093
|
|
|
Re:
|
|
Cinemark Holdings, Inc. Registration Statement on Form S-1 |
|
|
(Registration No. 333-140390) |
Ladies and Gentlemen:
We have acted as special counsel to Cinemark Holdings, Inc., a Delaware corporation (the
Company), in connection with the registration, pursuant to a registration statement on Form S-1,
as amended (the Registration Statement), filed with the Securities and Exchange Commission under
the Securities Act of 1933, as amended (the Act), of the offering and sale by the Company of
13,888,889 shares (the Company Shares) of the Companys common stock, par value $0.001 per share
(Common Stock), and the offering and sale by the selling stockholders listed in the Registration
Statement (the Selling Stockholders) of up to 16,911,111 shares of Common Stock (the Selling
Stockholder Shares) and sold pursuant to the terms of an underwriting agreement to be executed by
the Company and Lehman Brothers, Inc. Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, and Morgan Stanley & Co. Incorporated. The Company Shares and the
Selling Stockholder Shares are collectively referred to as the Shares.
We have examined originals or certified copies of such corporate records of the Company and
other certificates and documents of officials of the Company, public officials and others as we
have deemed appropriate for purposes of this letter. We have assumed the genuineness of all
signatures, the authenticity of all documents submitted to us as originals and the conformity to
authentic original documents of all copies submitted to us as conformed and certified or reproduced
copies.
Based upon the foregoing and subject to the assumptions, exceptions, qualifications and limitations
set forth hereinafter, we are of the opinion that (i) when the Registration Statement relating to
the Company Shares has become effective under the Act, the terms of the sale of the Company Shares
have been duly established in conformity with the Companys certificate of incorporation and, when
issued, sold and delivered as described in the Registration Statement, the Company Shares will be
duly authorized and validly issued and are fully paid and non-assessable, and (ii) when the
Registration Statement relating to the Selling Stockholder Shares has become effective under the
Act, when sold and delivered as described in the Registration Statement, the Selling Stockholder
Shares will be duly authorized and validly issued and are fully paid and non-assessable.
1700 Pacific Avenue, Suite 4100 / Dallas, Texas 75201-4675 / 214.969.2800 / fax: 214.969.4343 / akingump.com
Cinemark Holdings, Inc.
April 18, 2007
Page 2
The opinions and other matters in this letter are qualified in their entirety and subject to
the following:
A. |
|
We express no opinion as to the laws of any jurisdiction other than any published
constitutions, treaties, laws, rules or regulations or judicial or administrative decisions
(Laws) of the Laws of the General Corporation Law of the State of Delaware. |
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of our name in the Prospectus forming a part of the Registration Statement under the
caption Legal Matters. In giving this consent, we do not thereby admit that we are within the
category of persons whose consent is required under Section 7 of the Act and the rules and
regulations thereunder. We also consent to your filing copies of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Akin, Gump, Strauss, Hauer & Feld, L.L.P.
AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P.
1700 Pacific Avenue, Suite 4100 / Dallas, Texas 75201-4675 / 214.969.2800 / fax: 214.969.4343 / akingump.com