PHOENITRON HOLD (08066) Plans to Sell 30% Investment Rights in a TV Drama

Stock News

Dec 29, 2025

PHOENITRON HOLD (08066) announced that on December 29, 2025 (after trading hours), Ka Sheng (Hong Kong) (an indirect wholly-owned subsidiary of the Company) entered into a transfer agreement with Nanjing Qichuang. Pursuant to this agreement, Ka Sheng (Hong Kong) agreed to transfer its entire 30% investment rights and associated obligations under the joint production agreement to Nanjing Qichuang for a consideration of RMB 24.2 million. On the same date, Nanjing Qichuang (as the pledgor) and Ka Sheng (Hong Kong) (as the pledgee) also executed a pledge agreement, under which Nanjing Qichuang pledged the acquired investment rights to Ka Sheng (Hong Kong) as security for its payment obligations under the transfer agreement.

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