Reported 12 months ago
In an unexpected move, Delta LuKu announced a change in its legal representative on July 3, 2024, revealing strategic investor involvement in their private placement. Sanli TV Chairman Zhang Ronghua participated in the private placement by subscribing to 5,000 shares in his personal capacity, worth 72.5 million NT dollars, holding a 4.6% stake and ranking as the fourth largest shareholder. Zhang also appointed a special assistant from Sanli TV to serve as a director on Delta LuKu's board to enhance cooperation between the two companies. This partnership is expected to lead to collaboration in leisure and entertainment development, media promotion, as well as potential filming locations for Sanli dramas at Delta LuKu's facilities.
Source: YAHOO