Shanghai Chenyun Industrial Co., Ltd. cancelled the acquisition of 51% stake in Tianxia Piaocang Network Technology Co., Ltd. from Shanghai Film Co., Ltd..
December 04, 2019
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Shanghai Chenyun Industrial Co., Ltd. signed a property transaction contract to acquire 51% stake in Tianxia Piaocang (Shanghai) Network Technology Co., Ltd. from Shanghai Film Co., Ltd. (SHSE:601595) for approximately CNY 120 million on December 5, 2018. Shanghai Chenyun Industrial Co., Ltd. will pay the consideration in cash.
Shanghai Chenyun Industrial Co., Ltd. cancelled the acquisition of 51% stake in Tianxia Piaocang (Shanghai) Network Technology Co., Ltd. from Shanghai Film Co., Ltd. (SHSE:601595) on December 5, 2019.
Shanghai Film Co Ltd is a China-based company and mainly engaged in film distribution and projection. The main business of the company includes film distribution and sales, theater chain operation and investment, development, and operation of cinema. The movies distributed by the company include The Lost Bladesman, China 1911, The Orphan of Chao, and Finding Mr. Right, among others.
Shanghai Chenyun Industrial Co., Ltd. cancelled the acquisition of 51% stake in Tianxia Piaocang Network Technology Co., Ltd. from Shanghai Film Co., Ltd..
SHANGHAI FILM CO., LTD. 
