Marbridge Daily

<- February 14, 2012 ->

Huayi Brothers Invests in Hong Kong TV Movie Channel JV

CNInfo, 2/14/12

Chinese film and TV production firm Huayi Brothers (300027.SZ) has announced that its subsidiary Huayi Brothers International has signed agreements with Edko Films, Shine Focus, and PCCW Media to establish a joint venture to operate a TV movie channel in Hong Kong.

The joint venture, with a total investment of HKD 10 mln including HKD 2.16 mln from Huayi Brothers International, will operate a premium Chinese-language film channel, "NOW Popcorn Movie Channel." Once the transaction is complete, Huayi Brothers International will hold a 21.7% stake in the JV.

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