Hengdian Film & Television: Acquires 49% equity stake in Film and Television Technology for 0 yuan, focusing on AI, blockchain, and other technological businesses in film and television

2026-04-04 05:32:11

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The Economic Daily AI Express, April 1: Hengdian Film and Television (603103.SH) announced that the company and its subsidiaries, Hengdian Film and Television Investment Co., Ltd., Zhejiang, plan to each acquire, respectively, 39% and 10% equity interests in Hengdian Film and Television Technology Co., Ltd. (referred to as “Film and Television Technology”) held by the controlling shareholder’s related party, Hengdian Film and Television City of Zhejiang. The total transaction price is 0 yuan. After completion of this transaction, the company’s ownership interest in Film and Television Technology will increase from 51% to 90%. Film and Television Technology will remain a controlling subsidiary of the company, and the scope of consolidation in the consolidated financial statements will not change. The target company has not yet carried out actual operations, and has no assets or liabilities. This transaction constitutes a related-party transaction. It is intended to optimize the company’s organizational structure, focus on technology businesses such as film and television AI and blockchain, and enhance the company’s capabilities for technological innovation and industrial synergy. It does not constitute a major asset restructuring.

Daily Economic News

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