Core Viewpoint - China National Cultural Industry (00745) has signed a non-binding memorandum of understanding with Gansu Performing Arts Group Cultural Tourism Development Co., Ltd. to establish a joint venture for the global performance and promotion of the stage play "Le Dong Dun Huang Sheng Shi Miao Yin" [1] Group 1 - The joint venture will require an investment of no less than 20 million Hong Kong dollars [1] - The collaboration is expected to expand the company's film division and provide opportunities for further development in the Chinese market [1] - Partnering with a state-owned enterprise is seen as a strategic move that can significantly accelerate market expansion [1] Group 2 - The partnership will allow the company to access Gansu Performing Arts Group's extensive local business network, facilitating new supplier, distributor, and key stakeholder collaborations [1] - Establishing a relationship with a state-owned enterprise enhances the company's reputation and legitimacy among local clients and business partners [1] - The combination of strong connections and reputation capital is crucial for laying a solid foundation for effective operations and ongoing success in the region [1]
中国国家文化产业与甘肃演艺集团拟成立合资公司 以推动公司电影分部的拓展