Stellar stalks Hong Kong stakes

Media firm offers $21.7 mil

HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media.

Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 million. Shares of both Hong Kong companies were suspended on Monday.

Sun Media’s landing rights in China were temporarily suspended in April after setting up a joint venture with Taiwan’s Eastern Broadcasting Co. (EBC). Landing rights were resumed after it dropped EBC programs.

Sun is available in foreign residence compounds and hotels rated three stars and above.

More Biz

  • Lantern Capitol

    Weinstein Co. Closes $289 Million Sale to Lantern Capital

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

  • Instagram

    Instagram Suffers Global Outage

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    HONG KONG — China’s upstart Stellar Media Group is looking to take a stake in film company Golden Harvest and cabler Sun Media. Stellar Media Group, a 2-year-old company that has quickly become one of the Mainland’s largest private media firms, wants a 31.28% stake in Golden Harvest and 70% in Sun Media for $21.7 […]

More From Our Brands

Access exclusive content