operation agreement

Daphne International Holdings

14/03/2016 04:33

March 14 (Reuters) - Daphne International Holdings Ltd  0210.HK : 
 
 * Connected transaction - entering into the tv programme co-operation agreement 
   and the co-investment agreement  0210.HK  
 * Daphne investment entered into the tv programme co- operation agreement with 
   Zhejiang television and xuan feng 
 * Pursuant to deal parties agreed to produce the lady bees television programme 
   for broadcasting on Zhejiang tv channel 
 * Xuan feng shall pay Zhejiang television RMB5 million for purpose of 
   purchasing the derivative intellectual property rights 
 * Daphne investment shall receive a consideration in the amount of 
   approximately RMB2.8 million from xuan feng 
 * Says expected that a gain of approximately RMB2.8 million would have been 
   recognised 
 * Source text for Eikon  urn:newsml:reuters.com:*:nHKSb91YR 
 
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