Huayi Brothers Mutual Entertainment (Tianjin) subscribed for 950,000 shares of Dadi Theater for 78.85 million yuan

The New Third Board Company Dadi Cinema issued an announcement stating that the company issued 2.85 million shares at a price of 83 yuan/share and raised 230 million yuan in funds.

Original title: Huayi Brothers subsidiaries participated in the subscription of Dadi Cinema

. On the afternoon of June 30, the new third board company Dadi Cinema announced that the company issued 2.85 million shares at a price of 83 yuan/share and raised 230 million yuan. There are two fixed increases, one of which is Huayi Brothers Mutual Entertainment (Tianjin) Investment Co., Ltd., a subsidiary of Huayi Brothers, subscribed for 950,000 shares with an amount of 78.85 million yuan. The funds raised this time are mainly used to invest in new cinema projects, carry out cooperation with the investment field of cinema projects, possible acquisitions/mergers and acquisitions, and supplement the company's working capital.

Data shows that Dadi Cinema focuses on theater film distribution business and belongs to the middle and lower reaches of the entire film industry chain. It connects movie distributors upstream and theaters downstream, and provides overall digital cinema solution services to its affiliated theaters. In 2016, the company achieved revenue of 1.561 billion yuan, an increase of 0.13% over the same period last year; net profit was 38.7843 million yuan, an increase of 53.90% over the same period last year; basic earnings per share was 2.15 yuan, a year-on-year increase of 53.90%.

Editor: Mary