Beijing Hualubaina Film and TV :
* Says it will buy 49 percent stake in a Shanghai-based film and TV subsidiary at 2.2 million yuan
* Says it will hold 100 percent stake in the subsidiary after acquisition
* Says it will invest 25 million yuan in the subsidiary after acquisition
Source text in Chinese: 985.so/79xq
Further company coverage: (Beijing Headline News).
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Source: Reuters.com