Brief: Huanxi Media says Graceful entered framework agreement with MUBI
13/01/2016 22:11
Jan 14 (Reuters) - Huanxi Media Group Ltd 1003.HK : * Graceful, an indirect wholly-owned subsidiary of Huanxi, entered into a framework agreement * Agreement with mubi in relation to a strategic cooperation * Says graceful will establish a joint venture with mubi in connection with the provision of online video services * Says graceful will make a US$10 million strategic investment in MUBI * Jv will involve contribution by graceful of US$40 million cash to joint venture entity * Source text for Eikon ID:nHKS9K31Ml * ((For more news, please click here 1003.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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