Jun 05, 2014 05:23 PM

Listed Firms Use Spare Cash to Become Stars of TV and Film

By staff reporter Liu Ran

(Beijing) – A copper alloy manufacturing company recently announced a plan for a private placement to raise about 1.325 billion yuan to buy a film and TV company.

Anhui Xinke New Materials Co. Ltd. said on May 28 that it will use some of the money to buy Xi'an Mengzhou Film & TV Culture Communication Co. Ltd. and the rest to help cash flow at that company.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR