[Announcement Express] Great Wall Film and Television plans to acquire two film and television companies with 1.9 billion yuan to fully enter the big film industry

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Great Wall Film and Television announced on the evening of December 13 that the company plans to purchase 100% equity of Premiere Times and 100% equity of Dana Pictures for a total consideration of 1.895 billion yuan. Great Wall Film and Television announced on the evening of December 13 that the company plans to purchase 100% equity of Premiere Times and 100% equity of Dana Pictures for a total consideration of 1.895 billion yuan.

Great Wall Pictures announced on the evening of December 13 that it plans to buy 100% stake in Premiere Times and 100% stake in Dana Pictures for a total of 1.895 billion yuan.

Great Wall Pictures announced on the evening of December 13 that the company plans to buy 100% stake in Premiere Times and 100% stake in Dana Pictures for a total of 1.895 billion yuan. The other parties included stars such as Gu Changwei, Jiang Wenli, Ma Sichun and Bao Chunlai. As of October 31, the premiere estimate was 1.356 billion, with an estimated value-added rate of 3126.49%, while Dana Pictures had an estimated value-added rate of 546 million and an estimated value-added rate of 927.42%.

among them, the shareholders of the premiere era include Gu Changwei, Jiang Wenli and Ma Sichun, who own 12.13%, 8.4% and 4.68% of the company, respectively. Dena Pictures is mainly engaged in the investment and management of chain cinemas, and has 5 cinemas in Zhejiang and Jiangsu.

although the current profitability of the two companies is not ideal, the performance commitment appears to be full of confidence. Taking the premiere as an example, the trading side promised that the net profit for 2017-2019 would not be less than 90 million yuan, 125 million yuan and 159 million yuan respectively, while the net profit for 2017-2019 would be no less than 38 million yuan, 50 million yuan and 60 million yuan, respectively.

according to the previous announcement, Great Wall Pictures intends to acquire a stake in TIPPETTSTUDIO INC.80%. In this announcement, Tip Pitt was removed from the acquisition scope of this major asset restructuring. According to public sources, Tippeter was founded in 1984, is the world's oldest special effects production company, "Jurassic Park", "Matrix" series, "Harry Potter" series, "Twilight" series, "Teddy Bear", "Ninja Turtles: mutant Age" and so on are all from Tippeter.

the company said that after the completion of this deal, the main business of Great Wall Film and Television will comprehensively expand into the big film industry on the basis of its existing business, including film and television production, post-film production, film screening, etc., and the company's products and services will be further enriched.

Edit: yvonne