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Alibaba Pictures 1060

PostPosted: Fri Jun 05, 2015 6:15 am
by winston
not vested

Alibaba adding new angle to big picture by Ling Wang

Alibaba Pictures Group (1060) is poised to raise at least HK$12.1 billion from a share placement as it sets its sights on ambitious expansion in China's film industry.

The Hong Kong-listed film production unit of the mainland e-commerce giant chaired by Jack Ma Yun announced it will be placing 4.2 billion shares at HK$2.90 each. That will be a 20 percent discount on the stock's last traded price, HK$3.62, at Monday's close.

The stock was suspended on Tuesday but resumed yesterday, when it saw a fall of 5.8 percent. The placement, which will be with six independent institutional or individual investors, represents 19.96 percent of the company's total existing share capital.

Alibaba wants the proceeds for general working capital and to "fund any potential acquisitions arising out of media-related investment opportunities that may arise."

Alibaba Pictures already holds at least 5 billion yuan (HK$6.25 billion), and it has been helping consolidate the entertainment businesses of Alibaba Group and been active in acquisitions.

It completed the acquisition of cinema software service provider Guangdong Yueke Software Engineering for 830 million yuan on Tuesday. And it became known on Wednesday that the group has more than 1 billion yuan to invest in Shanghai- based China Business Network.

Shares in Ali Pictures have gained nearly 150 percent this year. The price saw a boost in April when the group considered injecting assets, including its production financing arm and movie ticketing business, into the film subsidiary.

Source: The Standard

Re: Alibaba Pictures 1060

PostPosted: Mon Jun 08, 2015 7:17 am
by winston
not vested

Is Jack Ma's Alibaba Pictures Really Worth $10 Billion?

by Rob Cain

http://www.forbes.com/sites/robcain/201 ... 2-billion/

Re: Alibaba Pictures 1060

PostPosted: Mon Oct 12, 2015 1:18 pm
by winston
not vested

ALI PICTURES (01060.HK) Invests in Movie Starred by Kim Soo-hyun

Keyeast Entertainment, an actor's talent agency in South Korea, mentioned that the production company of the movie "Real", starred by the artist Kim Soo-hyun, entered into the investment and distribution cooperation agreement with ALI PICTURES (01060.HK) during the 20th Busan International Film Festival.

Source: AAStocks Financial News

Re: Alibaba Pictures 1060

PostPosted: Fri Oct 16, 2015 1:14 pm
by winston
ALI PICTURES (01060.HK) Reportedly Seeking M&A Targets in Korea, Soars 10% at Midday

ALI PICTURES (01060.HK) is seeking a merger and acquisition target among the entertainment companies in South Korea, Sina Entertainment reported, citing sources.

The stock last stood at $2.09 at morning's close, up 10%, on volume of more than 400 million shares and involving $820 million.

Source: AAStocks Financial News