Enlight Media once again reduced its holdings of Tianshen Entertainment and achieved investment income of more than 200 million yuan

Enlight Media announced the sale of some of its shares in Tenshen Entertainment, totaling 1.48 million shares, accounting for 0.5067% of Tenshen Entertainment's total share capital. This is the second round of Enlight Media's reduction of Tenshen Entertainment after reducing its holdings in July this year.

On November 18, Enlight Media announced that it would sell some of its shares in Tenshen Entertainment, totaling 1.48 million shares, accounting for 0.5067% of the total share capital of Tenshen Entertainment. This is the second round of Enlight Media's reduction of Tenshen Entertainment after reducing its holdings in July this year.

Enlight Media sold its shares in Tenshen Entertainment on November 11, 14 and 16 respectively, selling a total of 1,480,000 shares. After preliminary calculations, the investment income of Enlight Media after deducting costs, stamp duty, handling fees and corporate income tax is approximately RMB 75 million. However, the amount of final investment income and related financial data will still be based on the information disclosed in Enlight Media's 2016 annual report.

After this reduction, Enlight Media holds 12,474,766 shares of Tenshen Entertainment, and Enlight Pictures holds 3,235,718 shares. Enlight Media and Enlight Pictures are acting in concert. After the reduction, they hold a total of 15,710,484 shares of Tenshen Entertainment, accounting for 5.38% of its total share capital.

Previously, Enlight Media sold a total of 2 million shares of Tenshen Entertainment on July 20 and 21. According to Enlight Media's third-quarter 2016 financial report, this round of reduction brought in investment income of 140 million yuan.

In the above two rounds of transactions, the trading parties were Enlight Media, and Enlight Pictures did not reduce its holdings.

So far, Enlight Media has reduced its holdings of Tenshen Entertainment's shares by 3.48 million shares, benefiting 215 million yuan.

Editor: yvonne