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Shenzhen-listed movie, television and music production firm Huayi Brothers Media Corp. plans to raise RMB3.6 billion (US$588 million) by issuing 145 million shares at RMB24.83 per share to four Chinese institutions in a private placement deal, according to a securities filing. Hangzhou Ali Venture Investment Co., Ltd., an entity 80% controlled by Alibaba Group Holdings' […]


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