UnUsUaL takes 49% stake in Beijing film production company to gain China foothold

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SINGAPORE (March 20): UnUsUaL, the event and concert production company, is investing in a film production company in China to further extend its presence in the country.

Subsidiary UnUsUaL Entertainment International has entered into a term sheet agreement to acquire a 49% stake in Beijing Wish for RMB25.2 million (S$5.2 million) from seller and sole shareholder Qiu Wenwei.

Incorporated in China, Beijing Wish is mainly engaged in the film production and distribution as well as the commercial performance and concert brokerage businesses. The company has a registered and paid-up capital of RMB5 million... (Click here to read the full story.)