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BRIEF-China Film unit to buy stake in electronics firm, set up JV with partners
October 31, 2017 / 10:31 AM / 2 months ago

BRIEF-China Film unit to buy stake in electronics firm, set up JV with partners

Oct 31 (Reuters) - China Film Co Ltd :

* Says its unit plans to buy 9 percent stake in a Beijing-based electronics firm, at price of 175.8 million yuan

* Co will own a 51 percent stake in the Beijing-based electronics firm indirectly after transaction

* The unit plans to invest $20 million to set up a JV named as Barco CineAppo Inc with partners, and will own a 20 percent stake in it

Source text in Chinese: goo.gl/DYMbfv

Further company coverage: (Beijing Headline News)

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