Headlines From China: China’s Hengdian Proposes $450 Million Cinema Consolidation Deal

China’s Hengdian Proposes $450 Million Cinema Consolidation Deal

Hengdian Entertainment, a listed company that straddles film and television production and cinema operation in China, has made an indicative offer of RMB3 billion ($446 million) to buy the Shanghai Xingyi Cinema Managements firm. If the deal goes through, Hengdian Entertainment would become the second largest cinema operator in China. Read more Variety

Fuwei Films Announces Maintenance Project to the Second Production Line

Fuwei Films (Holdings) Co., Ltd. a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that the Company will conduct a one-time comprehensive maintenance program, which includes replacing some of the machine parts in the second production line (DMT production line) starting from July 12, 2022. Read more PR Newswire