You will be redirected back to your article in seconds

China’s Huayi Doubles Its Money With Cinema Stake Sale

HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator.

Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake.

Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company.

Huayi explained the sale saying that it had made “a good return on investment” and that during its brief ownership it had helped improve the company. Huayi paid RMB210 million (US$34 million) for the stake on September 2013.

Huayi is China’s most established and diversified private sector film group. Earlier this year it was involved in negotiations to invest $120-150 million in Jeff Robinov’s nascent Studio 8 company.

More Film

  • Dubai: Mohamed Hefzy's Film Clinic Boards

    Dubai: Mohamed Hefzy's Film Clinic Boards Abu Bakr Shawky's 'Yomeddine' (EXCLUSIVE)

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • China Box Office: ‘Coco’ Stays Tops

    China Box Office: ‘Coco’ Stays Tops Ahead of ‘Paddington 2’

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • IFFAM: Pang Ho-cheung Readies Three Part

    IFFAM: Pang Ho-cheung Readies Martial Arts Three-Parter

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • IFFAM: ‘Newton’ Star Rajkummar Rao Signs

    IFFAM: ‘Newton’ Star Rajkummar Rao Signs Horror Comedy

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • ‘God’s Own Country’ Wins Big at

    ‘God’s Own Country’ Wins Big at British Independent Film Awards

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • Loving Vincent Animation Oscars

    ‘Loving Vincent’ Passes $20 Million at Worldwide Box Office

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

  • I Tonya trailer

    Margot Robbie's 'I, Tonya' Soars in Opening Weekend

    HONG KONG – Huayi Brothers Media has agreed to sell its 20% stake in Jiangsu Yao Lai Studios Management, a regional cinema operator. Huayi is selling to Songliao Automobile and will receive RMB464 (US$75 million) for the stake. Jiangsu Yao Lai will remain 60% controlled by Beijing Sparkle Roll company. Huayi explained the sale saying […]

More From Our Brands

Access exclusive content