News Column

Great Wall Movie and Television Produces More TV Opera, Film

July 11, 2014

JIANGSU, July 11, SinoCast -- Great Wall Movie and Television Co., Ltd. (SZSE: 002071) revealed plans to finance CNY 750 million from private placement of at most 38.7597 million shares to six stock equity funds for CNY 19.35 per share, which will be used to produce TV operas and films and replenish working capital.

The company expected to produce 660 episodes of TV operas from November 2014 to October 2017 and shoot two to three films from 2014 to 2017 with CNY 100 million.

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

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