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Huayi Brothers Acquires 5% Stake in Duomi Music

Oriental Morning Post, 9/19/12

Chinese film and TV production firm Huayi Brothers (300027.SZ) has announced that its wholly-owned subsidiary Huayi Brothers International Investment will invest no more than USD 3 mln in Beijing-based online and mobile music service Duomi Music Holdings in exchange 6.93 mln shares, giving Huayi Brothers a 5.17% stake after share dilution.

Huayi Brothers said the investment will expand its digital music business channels and complete the company's supply chain.

Keywords: wireless film investment television mobile music Huayi Brothers 300027.SZ Duomi Music

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