Brief: Huanxi Media Group Says Maoyan Entertainment To Subscribe For Shares In Co
12/03/2019 15:08
March 12 (Reuters) - Huanxi Media Group Ltd 1003.HK :
* MAOYAN ENTERTAINMENT TO SUBSCRIBE FOR 236.6 MILLION CO
SHARES AT
HK$1.6507 PER SHARE
* ENTERED STRATEGIC COOPERATION AGREEMENT WITH MAOYAN TO
CO-INVEST
IN FILMS AND TV/INTERNET DRAMA SERIES PROJECTS, AMONG OTHERS
* NET PROCEEDS TO BE USED FOR DEVELOPMENT OF ONLINE VIDEO
PLATFORM, INVESTMENT IN PRODUCTION OF & PURCHASE OF FILM & TV
CONTENTS
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1zLf0Y
Further company coverage: 1003.HK
(Reuters.Briefs@thomsonreuters.com)
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