Brief: Huanxi Media Group's Unit Enters Distribution Agreement For RMB2.80 Billion
05/07/2018 16:03
July 5 (Reuters) - Huanxi Media Group Ltd 1003.HK :
* UNIT ENTERS MINIMUM GUARANTEED DISTRIBUTION AGREEMENT IN
RELATION TO INVESTMENT IN FILM RIGHTS FOR RMB2.80 BILLION
* GROUP EXPECTS AT LEAST AN UNAUDITED PBT OF RMB300 MILLION
FOR
MINIMUM- GUARANTEED DISTRIBUTION OF FILM
* AMOUNTS TO BE RECEIVED UNDER MINIMUM GUARANTEED
DISTRIBUTION
AGREEMENT TO FIRST BE INCLUDED WITHIN 2018 ACCOUNT
Source text for Eikon: ID:nHKS3s0FBr
Further company coverage: 1003.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Huanxi Media
See all newsBrief: Huanxi Media To Issue 731.3 Million New Shares At Hk$0.275 Each To Phancy International
Brief: Huanxi Media Group Issues 727.6 Million Subscription Shares
Brief: Huanxi Media Group Posts FY Loss Attributable Hk$498.3 Million
Brief: Huanxi Media Expects Net Loss Of About Hk$498 Million For Year
Brief: HKEX Says Trading In Shares Of Huanxi Media Group Will Be Halted On Nov 12