Chinese real estate giant Evergrande has sold its entire remaining stake in the film and TV streaming company HengTen Networks Group for $273 million, part of efforts to avoid defaulting on its massive debts.
The world’s most indebted developer, some $300 billion in the red, is struggling to meet interest payments on its loans, and has been selling off shares to raise funds.
At the beginning of the year, Evergrande owned a majority stake in Netflix-like HengTen. In July, it sold a 7% stake to Chinese tech giant Tencent for around $266 million. Last week, it sold a further 5.7% stake for about $145 million, the BBC said. HengTen’s name is a portmanteau made up of the first characters for Chinese names of Evergrande and Tencent.
Evergrande sold its remaining stake of HengTen to Allied Resources Investment Holdings at about a 24% discount to its Wednesday closing price. The company said that it estimates...
The world’s most indebted developer, some $300 billion in the red, is struggling to meet interest payments on its loans, and has been selling off shares to raise funds.
At the beginning of the year, Evergrande owned a majority stake in Netflix-like HengTen. In July, it sold a 7% stake to Chinese tech giant Tencent for around $266 million. Last week, it sold a further 5.7% stake for about $145 million, the BBC said. HengTen’s name is a portmanteau made up of the first characters for Chinese names of Evergrande and Tencent.
Evergrande sold its remaining stake of HengTen to Allied Resources Investment Holdings at about a 24% discount to its Wednesday closing price. The company said that it estimates...
- 11/19/2021
- by Rebecca Davis
- Variety Film + TV
Japan’s TV Asahi has acquired the rights to the Hong Kong version of hit boys love series “Ossan’s Love” and is expected to air the series in Japan, Variety has learned.
The 15-episode Hong Kong version, produced by Pccw’s domestic free-to-air channel ViuTV and which will conclude this Friday, is an adaptation of the Japanese series of the same name produced by TV Asahi. It is currently uncertain when the Hong Kong version will be aired in Japan and on which platform.
The Hong Kong edition stars Edan Lui and Anson Lo, members of the 12-piece local boy band Mirror, and veteran actor Kenny Wong. It follows closely the original plot of the Japanese original, in which a salaryman (Lui) is caught in a love triangle after both his boss (Wong) and flatmate (Lo) fall in love with him.
The boys love genre, which is gay but not explicitly sexual,...
The 15-episode Hong Kong version, produced by Pccw’s domestic free-to-air channel ViuTV and which will conclude this Friday, is an adaptation of the Japanese series of the same name produced by TV Asahi. It is currently uncertain when the Hong Kong version will be aired in Japan and on which platform.
The Hong Kong edition stars Edan Lui and Anson Lo, members of the 12-piece local boy band Mirror, and veteran actor Kenny Wong. It follows closely the original plot of the Japanese original, in which a salaryman (Lui) is caught in a love triangle after both his boss (Wong) and flatmate (Lo) fall in love with him.
The boys love genre, which is gay but not explicitly sexual,...
- 7/14/2021
- by Vivienne Chow
- Variety Film + TV
Viu grew its user base in Asia with Korean dramas, but is starting to push into Chinese-language content.
Pan-Asian streamer Viu, owned by Hong Kong telco group Pccw, has signed content deals with leading Chinese TV producers Huace Film & TV and Huace Croton Media.
Viu grew its user base in Asia with Korean dramas, but is starting to push into Chinese-language content as the popularity of these shows outside mainland China is increasing.
The deals with Huace, which cover Hong Kong, Singapore, Malaysia and Indonesia, encompass more than 2,000 hours of Chinese content.
Viu has already streamed hit C-dramas such as Eternal Love Of Dream,...
Pan-Asian streamer Viu, owned by Hong Kong telco group Pccw, has signed content deals with leading Chinese TV producers Huace Film & TV and Huace Croton Media.
Viu grew its user base in Asia with Korean dramas, but is starting to push into Chinese-language content as the popularity of these shows outside mainland China is increasing.
The deals with Huace, which cover Hong Kong, Singapore, Malaysia and Indonesia, encompass more than 2,000 hours of Chinese content.
Viu has already streamed hit C-dramas such as Eternal Love Of Dream,...
- 7/14/2021
- by Liz Shackleton
- ScreenDaily
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