Ali Pictures (01060.HK) announced the acquisition of a 70% stake in Kerry Culture and Dongyang Mila at a total cost of RMB 0.7 billion, to pay the principal amount of outstanding loans owed by Huayi Brothers (300027.SZ). Upon completion, the Company will own 100% of the shares in Kerry Culture, which will hold 8 commercial units and 29 parking spaces in Huayi Brothers Headquarters Building in Chaoyang District, Beijing, and DONGYANG MEILA is primarily engaged in film, television and web drama production and the remaining 30% stake will be held by Feng Yuguang.
阿里影業(01060.HK)獲轉讓北京物業及電影製作業務 抵貸7億人民幣
Ali Pictures (01060.HK) acquired Beijing's real estate and filmmaking business, with a loan of 0.7 billion RMB.
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