Brief: PLBY Group and Charactopia Announce Playboy China Joint Venture

Playboy

17/01/2023 13:27

Jan 17 (Reuters) - Plby Group Inc  PLBY.O :
    * PLBY GROUP AND CHARACTOPIA, THE BRAND MANAGEMENT UNIT OF
THE
FUNG GROUP, ANNOUNCE PLAYBOY CHINA JOINT VENTURE
    * PLBY GROUP INC- JOINT VENTURE WILL BE GOVERNED BY A BOARD
OF
DIRECTORS THAT INCLUDES REPRESENTATIVES FROM BOTH PLAYBOY AND
CHARACTOPIA
    * PLBY GROUP INC- PLAYBOY TO RETAIN MAJORITY OWNERSHIP OF
PLAYBOY
CHINA JOINT VENTURE
    * PLBY GROUP INC- PLBY GROUP EXPECTS TO COMPLETE FORMATION,
AND
BEGIN OPERATIONS OF, JOINT VENTURE IN Q1 OF 2023

Source text for Eikon:  ID:nGNX7LNjd 
Further company coverage:  PLBY.O