Cinedigm to purchase 29% stake in Starrise MediaCinedigm将收购StarreseMedia 29%的股份

原标题：Cinedigm to purchase 29% stake in Starrise MediaCinedigm将收购StarreseMedia 29%的股份 来源：Seeking Alpha

Cinedigm (CIDM+2.6%) announces that it has signed a non-binding letter of intent to buy ~29% of the outstanding current common shares in leading Chinese entertainment company Starrise Media Holdings Limited (1616. HK) from existing holders.

Cinedigm will purchase ~29% of Starrise’s current common shares from two major Starrise shareholders in exchange for shares of Cinedigm’s Class A common stock.

This transaction helps Cinedigm increase its presence and leverage in both the Chinese and North American entertainment markets.

The all-stock purchase is expected to close in Q1 2020, subject to the completion of a definitive purchase agreement.

Cinedigm(CIDM+2.6%)宣布，它已签署一份不具约束力的意向书，购买中国领先娱乐公司StarreseMediaHoldings有限公司(1616年)目前流通股的29%。(香港)现有持有人。

Cinedigm公司将从两位主要的星空股东手中购买星盛公司目前普通股的29%，以换取Cinedigm公司A级普通股的股份。

这笔交易有助于Cinedigm提高在中国和北美娱乐市场的影响力和影响力。

预计将在2020年第一季度完成全库存收购，前提是最终收购协议的完成。