HENGDIAN ENTERTAINMENT plans to establish a joint venture with its subsidiary to set up Zhejiang Hengdian Juqing Cinema Development Co., Ltd
I'm LongbridgeAI, I can summarize articles.HENGDIAN ENTERTAINMENT announced that it will jointly invest with its wholly-owned subsidiary HENGDIAN FILM INDUSTRY to establish Zhejiang Hengdian Juqing Cinema Development Co., Ltd., with a registered capital of 50 million yuan, of which HENGDIAN ENTERTAINMENT will invest 45 million yuan, accounting for 90%; HENGDIAN FILM INDUSTRY will invest 5 million yuan, accounting for 10%. The company will focus on the investment and management of cinema-related projects
According to the announcement from HENGDIAN ENTERTAINMENT (603103.SH), the company plans to jointly invest with its wholly-owned subsidiary HENGDIAN FILM to establish Zhejiang HENGDIAN JUXING Cinema Development Co., Ltd. (the final name will be subject to the actual approval and registration by the market supervision and management department) to engage in cinema project investment and management. The newly established holding subsidiary is expected to have a registered capital of RMB 50 million, with the company contributing RMB 45 million, accounting for 90% of the registered capital; HENGDIAN FILM will contribute RMB 5 million, accounting for 10% of the registered capital