Headlines From China: Tencent To Become Second Largest Shareholder Of New Classics Media

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Enlight Media has entered into an equity transfer agreement with an industry fund under Tencent that it will sell 27.64% stake in film and TV production company New Classics Media (新丽传媒)for approximately $524 million. Upon completion, Tencent will become the second largest shareholder of New Classics Media. Read More