China's Anhui Xinke acquires Hollywood production firm

SHANGHAI (Reuters) - China's Anhui Xinke New Materials said it has acquired an 80 percent stake in Midnight Investments, owner of Hollywood production studio Voltage Pictures, for 2.39 billion yuan ($350.71 million). Anhui Xinke is primarily involved in copper processing and in the manufacturing of electric wires and cables. Earlier this month, it established Wotaiji International Media Ltd, a wholly-owned subsidiary set up to acquire media assets. ...

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