Omnijoi Media Corporation (SZSE:300528) agreed to acquire 80% stake in Chongqing Dinv Ares Film and Media Co., Ltd. for CNY 720 million on November 20, 2017. The consideration is payable in cash. Post completion, Omnijoi Media Corporation will be the controlling shareholders of Chongqing Dinv Ares Film and Media Co., Ltd. The deal is subject to approval from shareholders of Omnijoi Media Corporation in meeting due on December 6, 2017. The shareholders of Omnijoi Media Corporation approved the deal on December 6, 2017. Omnijoi Media Corporation (SZSE:300528) completed the acquisition of 80% stake in Chongqing Dinv Ares Film and Media Co., Ltd. on December 7, 2017.