News summary

Chinese Films: Proposed 6822ixasiangamesdelhi1982.960,000 yuan acquired 100% equity interest in China Film Innovation Securities Times e Company Newsixasiangamesdelhi1982, China Film (600977) announced on the evening of April 29 that in order to expand the rural film and campus film markets and leverage industrial synergy effects, the company plans to use its own capital agreement to acquire the China Film Group's holdings.

Newsletter text

China Film: It plans to acquire 100% equity interests in China Film Innovation for RMB 68.2296 million. Securities Times e Company News, China Film (600977) announced on the evening of April 29 that in order to expand the rural film and campus film market and leverage industrial synergy effects, the company plans to use its own funds agreement to acquire 100% equity interests in China Film Innovation held by China Film Group, and the transaction price was determined to be RMB 68.2296 million based on asset evaluation results. The company disclosed its first quarterly report on the same day, achieving a net profit of 96.9073 million yuan in the first quarter of 2024, a year-on-year decrease of 46.66%.