WANDA HOTEL DEV's subsidiary plans to acquire a 49% stake in Vampire Squid Productions
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WANDA HOTEL DEV announced that its indirectly non-wholly-owned subsidiary Wanda Chicago will acquire a 49% stake in Vampire Squid Productions, in exchange for transferring its rights to sell apartment units. The target company is primarily engaged in the business of television production licenses and owns the IP rights to "The Octonauts." This transaction will help Wanda expand its cultural intellectual property operations and achieve business diversification
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