Jan 13, 2021 08:44 PM (GMT+8) · EqualOcean
Jianghe group announced that its wholly-owned subsidiaries, golden acumen Holdings Limited and reach Glory International Limited, together hold 169 million shares of cineworld Group PLC through centralized bidding in the secondary market, accounting for 12.33% of the total share capital of cine, which is the second largest shareholder of the target company. As of the announcement date, the total accumulated investment is about RMB 752 million, accounting for about 10% of the net assets of the company in 2019. The target company is the second largest movie chain in the world. Its main business covers the United Kingdom, the United States and other countries, with a market value of about 8.2 billion yuan.