Tianyi Capital Holding Co., Ltd., ShangHai Union Investment Co., Ltd., Orient International Co., Ltd. and Chongqing BOE Smart Private Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 50% stake in Shanghai Oriental Dragon New Media Co., Ltd. from Shanghai Oriental Pearl Group Co., Ltd. for approximately CNY 500 million.
December 24, 2021
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Tianyi Capital Holding Co., Ltd., ShangHai Union Investment Co., Ltd., Orient International (Holding) Co., Ltd. and Chongqing BOE Smart Private Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 50% stake in Shanghai Oriental Dragon New Media Co., Ltd. from Shanghai Oriental Pearl Group Co., Ltd. (SHSE:600637) for approximately CNY 500 million on April 30, 2021. On September 14, 2021, the Twenty-Fifth (Interim) Meeting of the Ninth Board of Directors of Shanghai Oriental Pearl deliberated and approved the Proposal. The transaction is also approved by Shanghai State-owned Assets Supervision and Administration Commission.
Oriental Pearl Group Co., Ltd. specializes in multimedia services and marketing services for television industry. The group's activity is organized around 4 areas:
- TV broadcasting services over IP: HD channels, 3D channels, video on demand and live events channels;
- TV stream broadcasting services with decoder;
- platforms development and integration of TV broadcasting programs, digital content and applications;
- Mobile TV services.
Tianyi Capital Holding Co., Ltd., ShangHai Union Investment Co., Ltd., Orient International Co., Ltd. and Chongqing BOE Smart Private Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 50% stake in Shanghai Oriental Dragon New Media Co., Ltd. from Shanghai Oriental Pearl Group Co., Ltd. for approximately CNY 500 million.
ORIENTAL PEARL GROUP CO.,LTD. 
