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UnUsUaL: Acquisition Of 49% Stake In Beijing Wish Entertainment For RMB25.2 Million.

21 Mar 2018 10:46

UnUsUal Limited had on 19 March 2018, through its 100% owned subsidiary UnUsUaL Entertainment International Limited, entered into a term sheet pursuant to which the Purchaser will acquire 49% of equity interest in the total registered and paid-up capital of Beijing Wish Entertainment Co., Ltd from Mr Qiu Wenwei for the purchase consideration of RMB25,186,000. The purchase consideration will be satisfied fully in cash. Upon the completion of the Proposed Acquisition, Beijing Wish will become an associated company of the Group. Beijing Wish is mainly engaged in film production and distribution business and commercial performance and concert brokerage businesses in the PRC...

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Source: ShareInvestor Express