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Alibaba Pictures Group Ltd (1060.HK)

1060.HK on Hong Kong Stock

1.36HKD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Alibaba Pictures Group Ltd updates on sale of broadcasting rights of drama series
Tuesday, 23 May 2017 07:50am EDT 

May 23 (Reuters) - Alibaba Pictures Group Ltd <1060.HK>:Zhejiang dongyang, a consolidated subsidiary of company, entered into drama a transfer agreement with Tmall Technology.Zhejiang Dongyang has agreed to sell, and Tmall Technology has agreed to acquire, broadcasting rights of drama series A.Maximum consideration for sale of broadcasting rights of drama series a shall be RMB68.4 million.Huameng (Tianjin), a consolidated subsidiary of company, entered into drama B transfer agreement with Tmall Technology.For drama B transfer agreement Huameng (Tianjin) agreed to sell, and Tmall Technology has agreed to acquire, broadcasting rights of drama series B.Maximum consideration for sale of broadcasting rights of drama series b shall be RMB45.6 million, payable by Tmall Technology in cash.expects group will realize an estimated gain of about RMB3.4 million and about RMB870,000 from drama a disposal and drama b disposal.  Full Article

Alibaba Pictures says Orbgen Technologies enters into renewed insertion order with Ucweb Mobile
Friday, 28 Apr 2017 09:53am EDT 

April 28 (Reuters) - Alibaba Pictures Group Ltd <1060.HK> ::Orbgen Technologies entered into renewed insertion order with Ucweb Mobile for a term commencing from may 1, 2017 to april 30, 2018.Pursuant to insertion orders, Ucweb Mobile to provide uc service platforms for promotion of Orbgen Technologies' products in India.  Full Article

Alibaba Pictures Group posts FY net loss of RMB958.6 mln
Thursday, 30 Mar 2017 09:50am EDT 

Alibaba Pictures Group Ltd <1060.HK> : FY revenue RMB904.6 million versus RMB 263.7 million . Board has resolved not to recommend payment of a dividend for year ended December 31, 2016 .FY loss attributable to owners of the company RMB958.6 million versus profit of RMB 466 million.  Full Article

Alibaba Pictures Group enters cooperation agreement with Alibaba Group Holding Ltd
Tuesday, 14 Mar 2017 05:34am EDT 

Alibaba Pictures Group Ltd <1060.HK> : Entered into a strategic cooperation agreement with Alibaba Group Holding Limited . deal to build strategic alliance for long term co- development by integrating both parties' respective resources .Term of cooperation is 3 years or a period commencing from date of signing of strategic cooperation agreement.  Full Article

Alibaba Pictures sees net loss in range of RMB950 mln-RMB1 bln for year ending Dec 31, 2016
Friday, 17 Feb 2017 08:24am EST 

Alibaba Pictures Group Ltd <1060.HK> : It is expected that group will record net loss in range of RMB950 million to RMB1 billion for year ended december 31, 2016 .Group's overall bottom line result for 2016 was primarily impacted by marketing expenses of Tao Piao Piao.  Full Article

Ali Pictures Group says Yu Yongfu has been appointed as chairman
Monday, 21 Nov 2016 05:21am EST 

Ali Pictures Group Limited <1060.HK> : More Change Of Chairman Of The Board, Re-designation Of Directors And Change In Composition Of Board Committees . Shao Xiaofeng has resigned as chairman of board .Yu Yongfu has been appointed as chairman of board and has been re- designated from non-executive director to executive director.  Full Article

Alibaba Pictures Group says HY net loss RMB465.9 mln<1060.HK>
Friday, 26 Aug 2016 10:46am EDT 

Alibaba Pictures Group Ltd <1060.HK>: Announcement of interim results for the six months ended June 30, 2016 . HY net loss RMB 465.869 million versus loss of RMB 151.8 million a year ago . HY revenue from continuing operations RMB 257.3 million versus RMB 22.9 million . Resolved not to declare an interim dividend for the six months ended June 30, 2016 . Expects to see substantial increase in revenue in the second half of 2016, compared with the first half .  Full Article

Alibaba Pictures Group announces proposed investment in Hangzhou Xingji<1060.HK>
Monday, 22 Aug 2016 09:26am EDT 

Alibaba Pictures Group Ltd <1060.HK>: Discloseable transaction investment in Hangzhou Xingji <1060.HK> . Agreement to make a proposed investment in Hangzhou Xingji which operates the Hangzhou Star Cinema in Hangzhou, The Prc. . Co through Tianjin Ali Pictures an indirect wholly-owned subsidiary of a variable interest entity of co has entered into the Xingji Investment agreement . Hangzhou Kunwei agreed to transfer approximately 60.94% equity interest in Hangzhou Xingji for a consideration of RMB39 million . Tianjin Ali Pictures conditionally agreed to make a capital contribution of RMB61 million . Upon completion the equity interest of Hangzhou Xingji will be owned as to 80% by Tianjin Ali Pictures and 20% by mr. Lu .  Full Article

Alibaba Pictures updates on partnership agreement for establishment of investment fund<1060.HK>
Monday, 25 Jul 2016 09:20am EDT 

Alibaba Pictures Group Ltd <1060.HK>: Ali pictures-limited partnership agreement for the establishment of investment fund <1060.HK> . Says target total capital estimated to be RMB2 billion commitments to the investment fund . Wuhu Gopher Asset Management Co entered into a limited partnership agreement .  Full Article

Spackman Entertainment says Alibaba Pictures buys distribution rights for 'Life Risking Romance' in China<1060.HK>
Sunday, 24 Jul 2016 04:53pm EDT 

Spackman Entertainment Group Ltd : Alibaba Pictures purchases distribution rights for segl's film, life risking romance, in China) . Alibaba pictures' distribution rights cover both movie theatres and online platforms in China . Deal not expected to have material financial impact on nta and EPS of the group for FY ending December 2016 .  Full Article

More From Around the Web

BRIEF-Alibaba Pictures Group Ltd updates on sale of broadcasting rights of drama series

* Zhejiang dongyang, a consolidated subsidiary of company, entered into drama a transfer agreement with Tmall Technology