Group-Buying Website Meituan Buys 6% of TV Production House Beijing Enlight
Yicai Global
/SOURCE : Yicai
Group-Buying Website Meituan Buys 6% of TV Production House Beijing Enlight

(Yicai Global) Aug. 10 -- Beijing Sankuai Technology Co., operator of leading group-buying website meituan.com, is to purchase 6 percent equity of TV production house Beijing Enlight Media Co. from parent company Shanghai Enlight Investment Holding Co. for CNY2.4 billion (USD361 million).

This will reduce Shanghai Enlight Investment's shareholding in its subsidiary to 44.06 percent from 50.06 percent.

Sankuai Technology has agreed not to sell, transfer or dispose of the shares for three years after the completion of the deal.

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