Huayi Bros Acquires 51% Stake in Online Ticketing Site Maizuo
Shenzhen Stock Exchange, 6/16/14
Film and TV production firm Huayi Brothers (300027.SZ) has announced that subsidiary Huayi Brothers Interactive Entertainment has acquired a 51% stake in Shenzhen Huayuxun Technology, operator of online film ticketing website Maizuo.com, for RMB 266.36 mln.
Maizuo began operations in 2010 as an e-ticket retailer, and now operates both PC and mobile sites, as well as a mobile client. At present, Maizuo offers seat reservations, e-ticket purchases, and movie theater membership cards, with service covering nearly 700 theaters in more than 80 cities.
Keywords: Internet Huayi Brothers online ticketing Maizuo 300027.SZ M&A
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