China Film Co.,Ltd. agreed to acquire a 80% stake in Huaxia Film Co., Ltd. and 36% stake in Huaxia Huanyu Film Technology Co., Ltd. from Huaxia Film Distribution Co., Ltd. through public delisting on the Wen Exchange for a total transaction price of CNY 332.1407 million.
October 28, 2021
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China Film Co.,Ltd. (SHSE:600977) agreed to acquire a 80% stake in Huaxia Film (Beijing) Co., Ltd. and 36% stake in Huaxia Huanyu (Beijing) Film Technology Co., Ltd. from Huaxia Film Distribution Co., Ltd. through public delisting on the Wen Exchange for a total transaction price of approximately CNY 330 million on October 29, 2021. In a related transaction, China Film Co.,Ltd. acquired a 15% stake in Huaxia Huanyu (Beijing) Film Technology Co., Ltd. from GDC Technology (Hong Kong) Limited for CNY 2.8 million on October 29, 2021. Huaxia Film (Beijing) Co., Ltd. has changed its name to China Film Huaxia Film (Beijing) Technology Co., Ltd. and Huaxia Huanyu (Beijing) Film Technology Co., Ltd. to China Film Huaxia Huanyu (Beijing) Film Technology Co., Ltd.
China Film Co., Ltd. is a China-based company principally engaged in the investment, design, production and release of films and the operation of movie theatres. The Company mainly operates four segments, including production of film and television, release of movies, film projection, as well as film and television service. Its Film and Television Service is involved in the wholesale of film and television equipment. The Company is also engaged in the provision of performance brokerage services. The Company operates about 99 holding cinemas and 13 share cinemas by the end of the year 2015.
China Film Co.,Ltd. agreed to acquire a 80% stake in Huaxia Film Co., Ltd. and 36% stake in Huaxia Huanyu Film Technology Co., Ltd. from Huaxia Film Distribution Co., Ltd. through public delisting on the Wen Exchange for a total transaction price of CNY 332.1407 million.
CHINA FILM CO., LTD. 
