Brief: Anhui Xinke New Materials to acquire stake in Pegasus Entertainment

Transmit Entertainment

20/12/2016 11:13

Dec 20 (Reuters) - Anhui Xinke New Materials Co Ltd 
 600255.SS  
    * Says it plans to acquire 29.9 percent stake in Pegasus 
Entertainment  1326.HK  for HK$194.2 million  ($25.00 million) 
    * Says it scraps asset restructuring plan 
    * Says Ma Jingzhong resigns as general manager due to change 
in job role, but remains as president 
 
 
    Source text in Chinese: http://bit.ly/2h6ZqCd; 
http://bit.ly/2h6Zvpv; http://bit.ly/2hPUssU 
    Further company coverage:  600255.SS  
 
($1 = 7.7668 Hong Kong dollars) 
 
 (Reporting by Hong Kong newsroom) 
 ((hongkong.newsroom@thomsonreuters.com; (852) 2843-6441; 
Reuters Messaging: chyenyee.lee.reuters.com@reuters.net))