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Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses
Happigo, 6/22/18
TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More
Zhang Yimou's VR Entertainment Firm Sky Limit Secures RMB 9-digit Pre-A
DoNews, 6/21/18
Beijing-based entertainment company Danghong Qitian International Culture Development (Sky Limit Entertainment) recently announced completion of RMB 9-digit pre-Series A funding led by Shenzhen-based OCT Culture Group with participation by Mango Culture and Innovation Private Equity Fund. Read More
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