A consortium of Chinese investors led by Cultural Investment Holdings Co., Ltd. completed the acquisition of 75% stake in Framestore Limited from Khazanah Nasional Berhad and other shareholders.
January 02, 2017
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A consortium of Chinese investors led by Cultural Investment Holdings Co., Ltd. (SHSE:600715) agreed to acquire 75% stake in Framestore Limited from Khazanah Nasional Berhad and other shareholders on November 3, 2016. A consortium of Chinese investors led by Cultural Investment Holdings Co., Ltd. will acquire 75% of Framestore and the remainder is owned by the firm’s Founder and Chief Executive Officer, William Sargent and the rest of the management team. William Sargent and his management team will remain in place. Clarity Capital Partners Limited and The Jordan, Edmiston Group, Inc. acted as the financial advisors to Framestore Limited.
A consortium of Chinese investors led by Cultural Investment Holdings Co., Ltd. (SHSE:600715) completed the acquisition of 75% stake in Framestore Limited from Khazanah Nasional Berhad and other shareholders on January 3, 2017.
Cultural Investment Holdings Co Ltd is a Chinese company mainly engaged in the film, television and gaming business. The Company operates through three segments. The Film Screening and Film and Television Project Investment Segment is mainly engaged in theater operation, film investment and production, film distribution and TV series investment and production. The Company is also engaged in value-added services such as theater sales and derivative product sales, as well as business operations such as movie pre-roll advertising and cinema venue advertising. The Online Game Development and Operation Segment is mainly engaged in the research, development, distribution and operation of mobile games and web games. The Company is also engaged in Other Segment.
A consortium of Chinese investors led by Cultural Investment Holdings Co., Ltd. completed the acquisition of 75% stake in Framestore Limited from Khazanah Nasional Berhad and other shareholders.