Date
24 October 2017

Huayi plans to buy 51% stake in Yongle Film & TV, paper says

Filmmaker Huayi Brothers Media Corp. (300027.CN) plans to buy 51 percent stake in Zhejiang Yongle Film and TV Co. for about 400 million yuan (US$65.9 million), in a move aimed at shoring up the former’s ailing television series business, China Securities Journal reported Wednesday, citing a statement from Huayi. In September, Huayi purchased 70 percent stake in a television show production company in Zhejiang province for 252 million yuan.

– Contact HKEJ at [email protected]

MY/JZ/RC

 

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