TVZone Media Co., Ltd. announced that it expects to receive CNY 489.999954 million in funding from Shenzhen Yuntu Asset Management Service Co., Ltd., Founder Fubon Fund Management Co., Ltd, Shenzhen Qianhai Wufeng Fund Management Co., Ltd., Great Wall Fund Management Co. Ltd., Zhuhai Huachangsheng Investment Fund Management Partnership (Limited Partnership)
March 08, 2020
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TVZone Media Co., Ltd. (SHSE:603721) announced a private placement of not more than 20,247,932 shares at a price of CNY 24.20 per share for gross proceeds of not more than CNY 489,999,954 on March 9, 2020. The transaction will include participation from Shenzhen Yuntu Asset Management Service Co., Ltd. for 6,611,570 shares for proceeds of CNY 159,999,994, Founder Fubon Fund Management Co., Ltd for 6,611,570 shares for proceeds of CNY 159,999,994, Shenzhen Qianhai Wufeng Fund Management Co., Ltd. for 3,719,008 shares for proceeds of CNY 89,999,993.6, Great Wall Fund Management Co. Ltd. for 2,066,115 shares for proceeds of CNY 49,999,983 and Zhuhai Huachangsheng Investment Fund Management Partnership (Limited Partnership) for 1,239,669 shares for proceeds of CNY 29,999,989.8. The transaction has been approved at the third meeting of the third directorate of the company and is still subject to approval of Hunan Provincial Cultural and Assets Commission, shareholders of the company, and China Securities Regulatory Commission.
TVZone Media Co., Ltd. is a China-based company which is mainly engaged in the production and distribution of television and video programs. The Company mainly has two business segments: Video Programs and Related Services Business segment and Teleplay Broadcast Operation Business segment. The Video Programs and Related Services Business segment is mainly engaged in the production and distribution of television, internet and mobile internet video contents and others, such as variety shows, documentary story programs, column dramas and others. The Teleplay Broadcast Operation Business segment is mainly engaged in purchase teleplays for local channels, and provides choreography services, promo production, publicity and planning services.
TVZone Media Co., Ltd. announced that it expects to receive CNY 489.999954 million in funding from Shenzhen Yuntu Asset Management Service Co., Ltd., Founder Fubon Fund Management Co., Ltd, Shenzhen Qianhai Wufeng Fund Management Co., Ltd., Great Wall Fund Management Co. Ltd., Zhuhai Huachangsheng Investment Fund Management Partnership (Limited Partnership)