Core Viewpoint - The company, Pinchuang Holdings (08066.HK), has entered into a transfer agreement with Nanjing Qichuang, transferring its 30% investment rights and related responsibilities for a television production for a consideration of RMB 24.2 million [1] Group 1: Investment Details - The investment was originally part of the company's strategy to diversify into the advertising, media, and entertainment sectors, with an initial investment commitment of RMB 24 million for the television production [1] - The production was directed by Wang Deqing and produced by Zhang Jian, featuring actors Zhang Ming'en and Feng Yue, with an expected release in 2020 [1] Group 2: Production Delays - The production faced significant delays due to the COVID-19 outbreak, with completion only achieved in 2023 [1] - Additional time is required for negotiations and establishing sales contracts that meet expected revenue targets, leading to a revised release date projected for mid-2026 [1] - Revenue sharing from the production is now expected to be received by the third quarter of 2026 [1]
品创控股(08066.HK)拟出售一电视剧投资权利