Huanrui Century plans to set up two subsidiaries to strengthen the real-scene entertainment industry.

Huanrui Century announced on the evening of November 1 that the company plans to set up two subsidiaries to invest in pan-entertainment and related high-tech high-quality enterprises, and to increase the pan-entertainment content production and derivative industry chain.

original title: Huanrui Century set up two subsidiaries to increase the pan-entertainment industry

Huanrui Century announced on the evening of November 1 that the company plans to set up two subsidiaries to invest in pan-entertainment and related high-tech high-quality target enterprises. add pan-entertainment content production and derivative industry chain.

among them, the company plans to invest 50 million yuan to set up Huanrui Culture and Entertainment Industry Investment Fund Management (Guangzhou) Co., Ltd. In order to give full play to the company's advantages in content production and further consolidate its core competitiveness, it is proposed to expand mergers and acquisitions through its own funds and initiating the establishment of industrial funds. Through capital increase, equity transfer or asset acquisition, shareholding and equity participation in film and television media, games, animation, fashion and other pan-entertainment and related high-tech high-quality target enterprises to carry out strategic investment and resource integration And with the company's existing business and competitive advantages to form coordinated development, to establish a complete industrial chain, to create a certain strength of pan-entertainment platform.

at the same time, it is proposed to invest 50 million yuan to set up Huanrui Century Film and Television Media (Guangzhou) Co., Ltd., plus pan-entertainment content production and derivative industry chain. The purpose of the company's overseas investment in Guangzhou Nansha Free Trade New area is to make full use of the preferential policies and advanced concepts of the free trade zone and the location advantages of Nansha, and to effectively integrate the creative resources of Hong Kong and the real-scene entertainment manufacturing resources of Shenzhen. help to expand business sectors and areas, accelerate the rapid development of business, and promote the construction of a complete industrial chain.

the company said that this investment is a deep exploration of the company's development model, which will be conducive to the integration of industrial development resources, the combination of film and television content production and live entertainment, the effective use of company resources and the extension of the company's value chain.

after listing, Huanrui Film and Television has realized the layout of a number of business innovations on the basis of continuing the integrated operation. The company's original boutique IP mining and cultivation, channel resources integration, artist brokerage business of the highly flexible business structure has been ready, at the same time, the future will be diversified cooperation to attract industry resources, point to area, to maximize commercial value. At present, Huanrui film and television artists training, game authorization intermodal transport business platform has also been built, these two and film and television content production constitute the three stable pillars of Huanrui film and television business. This time, the company will increase the layout of the pan-entertainment industry, which will provide the company with new profit growth points.

Edit: xiongwei