News Column

Huayi Bros Offers Bonds for Repaying Bank Loans

September 4, 2014

BEIJING, September 4, SinoCast -- Huayi Brothers Media Corporation (Huayi Bros and SZSE: 300027) declared to offer CNY 300 million short-term financing bonds on September 5, already offering such bonds with the same value in June. Financing will be used to repay bank loans.

In the first half of 2014, Huayi Bros had borrowings approaching CNY 1.5 billion, with liability ratio surpassing 40%, which is believed to have something to do with recent frequent mergers and acquisitions kicked off by the company.

Huayi Bros revealed film investment of nearly CNY 5.2 billion by the end of 2015 and TV opera investment of nearly CNY 2.7 billion by the end of 2015, not including investment reaching CNY 1.4 billion for mergers and acquisitions. The company opened out by saying that investment expenditure may boost liability ratio and weaken debt paying capacity.

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

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