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Jiangsu Phoenix Publishing&Media Corp Ltd to acquire stake in companies

Monday, 16 Dec 2013 07:00pm EST 

Jiangsu Phoenix Publishing&Media Corp Ltd:Says it will acquire 100.00 pct stake, 93.76 pct stake, 50.998 pct stake, 79.77 pct stake, 5.88 pct stake and 57.00 pct stake in five printing companies, from the company's controlling shareholder as well as a printing plant and a Jiangsu-based printing company.Says the company will also acquire 22.07 pct stake in a movie company from its controlling shareholder, and its subsidiary will acquire 28.93 pct stake and 10.03 pct stake in the movie company.Says the transaction price is 494,983,300 yuan. 

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