China Film: to acquire 80% equity of Huaxia Beijing and 51% equity of Huaxia Huanyu for RMB 335 million
China Film announced that the company plans to acquire the equity of Huaxia Beijing and Huaxia Huanyu (collectively referred to as "city related companies") with its own funds. The total amount of the transaction is about 335 million yuan, of which the amount of related party transactions is about 332 million yuan. The company said that after the completion of the transaction, the company holds 80% equity of Huaxia Beijing and 51% equity of Huaxia Huanyu, and Huaxia Beijing and Huaxia Huanyu will become the holding subsidiaries of the company and be included in the scope of the company's consolidated statements.
This text is a result of machine translation.
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