BRIEF-Wanda Group Says It Signs Strategic Investment Agreement With Alibaba, Cultural Investment

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VAM Funds names Robert Gordon director of two funds

2018-02-05 09:36:39

Feb 5 (Reuters) – Wanda Group:

* SAYS IT SIGNS STRATEGIC INVESTMENT AGREEMENT WITH ALIBABA, CULTURAL INVESTMENT

* SAYS ALIBABA AND CULTURAL INVESTMENT TO INVEST 7.8 BILLION YUAN FOR WANDA FILM‘S 12.77 PERCENT STAKE

* WANDA GROUP SAYS ALIBABA AND CULTURAL INVESTMENT TO BECOME WANDA FILM‘S SECOND AND THIRD BIGGEST SHAREHOLDERS AFTER TRANSACTION

* WANDA GROUP SAYS WANDA GROUP WILL HOLD 48.09 PERCENT STAKE IN WANDA FILM AFTER TRANSACTION, REMAINS AS CONTROLLING SHAREHOLDER Source text in Chinese: bit.ly/2nIPM9i Further company coverage: (Reporting by Hong Kong newsroom)

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