A copper processing company has announced one of the more unlikely diversifications by Chinese companies into the US entertainment sector, taking an 80 per cent stake in the Hollywood film production company that made The Hurt Locker.
Xinke New Materials, which smelts and processes copper in the southern Anhui province, disclosed the majority stake in the parent company of Oscar-winning Voltage Pictures.
The deal follows a $1bn takeover last week by Dalian Wanda, China’s biggest real estate company, of
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