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BRIEF-China Film plans to set up fund management JV and cinema buyout fund
March 21, 2017 / 9:35 AM / 9 months ago

BRIEF-China Film plans to set up fund management JV and cinema buyout fund

March 20 (Reuters) - China Film Co Ltd :

* Says it plans to set up a fund management joint venture, which will be capitalized at 10 million yuan, with partner

* Says it will hold 20 percent stake in the joint venture with investment of 2 million yuan

* It will set up a cinema buyout fund, whose initial size will be at least 1 billion yuan

* It will hold 20 percent stake in the buyout fund with investment of 200 million yuan

Source text in Chinese: goo.gl/GPmDF1

Further company coverage: (Beijing Headline News)

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