Advantage does China TV drama deal with Qin Jia Yuan
Advantage Partners has announced an investment of up to HK$121 million ($15.5 million) into Qin Jia Yuan Media Services Co.Ltd., a Hong Kong-listed company focused primarily on delivering TV dramas for the PRC market.
The investment is in the form of new shares, convertible bonds and warrants, and proceeds will be used for business development and working capital, as well as to improve the group's shareholding structure and financial costs. The company also recently invested in an outdoor media business in Beijing, and also operates in home TV shopping and other media areas. The company also just received a commitment equal to around 5.1% of its share capital from Kabouter Management, a Chicago-based investment firm. "Qin Jia Yuan is a terrifically positioned company and we at Advantage Partners are excited to join the board of directors and provide hands-on support to the company as it continues its expansion in media services," Lincoln Pan, Director at Advantage, told AVCJ.
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