News Column

Huayi Bros to Finance Money for Shooting Films, TV Operas

June 25, 2014

BEIJING, June 25, SinoCast -- Huayi Brothers Media Corporation (Huayi Bros and SZSE: 300027) revealed plans to finance CNY 2.5 billion from private placement, offering not more than 120 million shares to at most five designated investors. Financing will be used for shooting films and TV operas and repaying bank loans. In detail, the company will put CNY 1.734 billion in shooting 12 films and CNY 266 million in 192 episodes of TV operas. CNY 500 million will be used for repaying bank loans.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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