Jurisdiction - China
Skadden Represents Film Directors In Acquiring Significant Stake In 21 Holdings Ltd.

15 May, 2015


Skadden is representing Mr. Ning Hao and Mr. Xu Zheng, two major Chinese film directors on their joint HKD 680.6m acquisition with a third investor, Mr. Dong Ping (represented by Weil, Gotshal & Manges LLP), of a controlling stake in 21 Holdings Limited, a Hong Kong-listed company, by way of subscription for new shares.  As part of the transaction, Mr. Ning and Mr. Hao have also entered into service agreements with 21 Holdings pursuant to which they have agreed to provide certain rights to their future films to 21 Holdings. 21 Holdings will be renamed Huanxi Media Group Limited upon completion of the transaction, which was announced on 13 May 2015.


The Skadden Hong Kong team includes partners Julie Gao, and Christopher Betts.


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