Mood and Motion AG forms joint venture in China with Hongfangyuan media holding
Frankfurt am Main (euro adhoc) -
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companies/Jointventure
November 11, 2008
Mood and Motion AG, one of Europe's leading company producers of advertising films, has formed a joint venture in China with the state-owned media holding company Hongfangyuan.
Mood and Motion AG will hold a majority interest in the joint venture. In particular, the strategic alliance will give the company access to a high-quality media network in China. Hongfangyuan is also a joint venture partner for the advertising agencies Lintas Lowe and McCann. It is planned to establish the leading production company on the Chinese media market with joint investment activities.
The joint venture is scheduled to go live in January 2009. Jürgen Bertams ist the man behind the joint venture - he has been a member of Mood and Motion AG's Executive Board since October 8, 2008. Several projects are already in early advance planning. Mood and Motion AG (previously: Neue Sentimental Film AG) has been listed since November 22, 2000. The shares are traded in Deutsche Börse's Prime Standard with German Securities Code (WKN) 534140 (ISIN: DE0005341408).
end of announcement euro adhoc
Further inquiry note:
Thomas Schwinger-Caspari
Member of the Executive Board
MOOD AND MOTION AG
Hegelstraße 15
D-60316 Frankfurt am Main
T: +49 (0) 69 94 33 14 - 61
F: +49 (0) 69 497 03 03
Branche: Cinema
ISIN: DE0005341408
WKN: 534140
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade