Date
16 December 2017

Xiangeqing snaps up key acquisitions, filings say

Caterer Beijing Xiangeqing Co. Ltd. (002306.CN) has signed a letter of intent to buy 51 percent of Chongqing Dinv Ares Media(Group)Co., it said in a regulatory filing Thursday. The deal, estimated to cost 258 million yuan (US$41.98 million), is expected to be completed in 2015, provided Chongqing Dinv’s 2014 net profit is not less than 50 million yuan, the filing said. Separately, Xiangeqing said in a March 8 filing that it had agreed to acquire at least 51 percent of Beijing CCTV Splendid Film and TV Corp. Ltd.

– Contact HKEJ at [email protected]

TL/AC/RA

 

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