【#Alibaba Pictures acquires stake in Dongyang Mela# #Huayi Brothers completes equity transfer of Dongyang Mela#】
According to US Stock Research, Tianyancha App shows that recently, Zhejiang Dongyang Mela Media Co., Ltd. underwent industrial and commercial changes. Huayi Brothers Media Co., Ltd. exited as a shareholder, and Beijing Alibaba Pictures Culture Co., Ltd. was added as a new shareholder. Wang Zhonglei stepped down as legal representative and executive director, with Li Jie taking over as legal representative and director. At the same time, some senior executives were changed.
Zhejiang Dongyang Mela Media Co., Ltd. was established in September 2015 with a registered capital of 5 million RMB. Its business scope includes electronic and digital media advertising, film and television advertising, artistic performances, and investment management of film and television projects. It is now jointly held by Beijing Alibaba Pictures Culture Co., Ltd. and Feng Xiaogang. According to media reports, in July this year, Huayi Brothers announced that it planned to transfer 70% of its controlling subsidiary Zhejiang Dongyang Mela Media Co., Ltd.'s equity to Beijing Alibaba Pictures Culture Co., Ltd. for a consideration of 350 million RMB.
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