Brief: Alibaba Pictures Group Says Unit To Sell Online Dissemination Rights Of Movie IV

Damai Entertainment Holdings

06/06/2019 14:04

June 6 (Reuters) - Alibaba Pictures Group Ltd  1060.HK :
    * UNIT TO SELL ONLINE DISSEMINATION RIGHTS OF MOVIE IV TO
YOUKU
TECHNOLOGY FOR RMB15 MILLION
    * COPYRIGHT TRANSFER FEE FOR DISPOSAL OF MOVIE IV IS
INITIALLY SET
AT RMB15 MILLION,  ON CERTAIN TERMS MAXIMUM OF RMB20 MILLION
    * EXPECTED THAT THERE WILL BE A POTENTIAL GAIN OF ABOUT
RMB1.9
MILLION ACCRUED TO GROUP FROM DISPOSAL OF MOVIE IV

Source text for Eikon:  ID:nSN6gdzk1 
Further company coverage:  1060.HK 

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