Golden Harvest chair sells off 12%

Stake sold for $13.2 million

HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company.

Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%.

Just last month, Chow bought an additional 4.8% share of the company from investor Village Roadshow. In addition, Village Roadshow sold 22% to Acer Digital, an arm of the Taiwanese computer manufacturer, and 8% to a Taiwanese investment company.

Chow and his associates also have sold the entire issued share capital of Golden Harvest Film Prods. and Golden Harvest (Marks) to Golden Harvest Entertainment for $19.4 million.

More Biz

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

  • Ross Levinson LA Times

    L.A. Times Publisher Placed on Unpaid Leave Amid Sexual Harassment Investigation

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

  • Time Warner

    Judge Indicates Shutdown Won't Delay AT&T-Time Warner Antitrust Case

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

  • LA Times building

    Los Angeles Times Newsroom Votes 248-44 in Favor of Unionization

    HONG KONG — Golden Harvest Entertainment chairman Raymond Chow has sold a $13.2 million stake in the film exhibition and distribution company. Chow’s sale of 80 million shares to Prudential Asset Management Asia and other investors reduces his stake in the company he founded from 34% to about 22%. Just last month, Chow bought an […]

More From Our Brands

Access exclusive content