Brief: Huanxi Media Group Says Maoyan Entertainment To Subscribe For Shares In Co

Maoyan Entertainment

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)