HK Stock Market Move | SHAW BROTHERS(00953) surged more than 6% and recently announced plans to acquire assets such as Noon Sunshine.

SHAW BROTHERS (00953) rose over 6%, as of the time of writing, up 6.35% to 0.335 Hong Kong dollars, with a turnover of 4.6092 million Hong Kong dollars. On the news front, Shaw Brothers recently announced that the company has entered into a purchase agreement with its major shareholder Chinese Media Corporation (CMC Inc.), intending to acquire core assets of CMC through issuing shares, with the transaction price reaching 4.5765 billion RMB (approximately 5.098 billion Hong Kong dollars). The announcement shows that the related assets mainly include well-known series production company Zongwu Yanguang, film and television distribution company Tongle Film and Television, film investment and production company Shanghai Hua Ren Film Industry, entertainment production company Rixing Starlight Media, and Shanghai Siyuan, which operates over 50 UME cinemas. Zongwu Yanguang is a leading domestic series production company, mainly engaged in TV drama investment and production, and distributing TV drama works on mainstream video platforms, with its main source of income coming from TV drama distribution. Its major works include TV dramas such as "Nirvana in Fire," "The Disguiser," "The Legend of Hao Lan," and "The Story of Minglan." By the end of 2025, Zongwu Yanguang produced the film "Carefully Manufactured," marking its first entry into the film industry.