Huayi Buys into Digital Cinema Equipment Firm (Asia)

Source: China Daily  |  Author: Huang Ying

CAG Digital Internet Holdings, an investment vehicle affiliated with global private equity firm The Carlyle Group, has sold a 9 percent stake in Chinese digital cinema equipment and solution provider GDC Technology to Chinese private film production company Huayi Brothers Media Group for US$21 million. In addition to producing films, Huayi Brothers operates 12 movie theaters; it plans to use GDC’s technology to improve the quality of its screenings.