Hybrid Kinetic to Buy 51% Stake in Chinese TV Business

MT Newswires Live04-18

Hybrid Kinetic Group (HKG:1188) agreed to acquire a 51% stake in an unnamed film and television business for 51 million yuan, according to a late Thursday disclosure with the Hong Kong bourse.

The target, established in 2024, holds a permit for the production and distribution of broadcasting and TV programs in China.

The transaction will be settled through the issuance of a convertible note to the vendor, which guarantees to the purchaser that the target's net profit will be at least HK$20 million.

The deal will allow Hybrid Kinetic, an electric vehicle manufacturer, to diversify its revenue streams, the filing stated.

Price (HKD): $0.01, Change: $-0.00100, Percent Change: -7.69%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2528593068?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-18 19:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2528593068","market":"sg","top_or_hot":-1,"title":"Hybrid Kinetic to Buy 51% Stake in Chinese TV Business","media":"MT Newswires Live","content":"<html><body><p> Hybrid Kinetic Group (HKG:1188) agreed to acquire a 51% stake in an unnamed film and television business for 51 million yuan, according to a late Thursday disclosure with the Hong Kong bourse.</p><p>The target, established in 2024, holds a permit for the production and distribution of broadcasting and TV programs in China.</p><p>The transaction will be settled through the issuance of a convertible note to the vendor, which guarantees to the purchaser that the target's net profit will be at least HK$20 million.</p><p>The deal will allow Hybrid Kinetic, an electric vehicle manufacturer, to diversify its revenue streams, the filing stated.</p><p>Price (HKD): $0.01, Change: $-0.00100, Percent Change: -7.69%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hybrid Kinetic to Buy 51% Stake in Chinese TV Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHybrid Kinetic to Buy 51% Stake in Chinese TV Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-18 19:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Hybrid Kinetic Group (HKG:1188) agreed to acquire a 51% stake in an unnamed film and television business for 51 million yuan, according to a late Thursday disclosure with the Hong Kong bourse.</p><p>The target, established in 2024, holds a permit for the production and distribution of broadcasting and TV programs in China.</p><p>The transaction will be settled through the issuance of a convertible note to the vendor, which guarantees to the purchaser that the target's net profit will be at least HK$20 million.</p><p>The deal will allow Hybrid Kinetic, an electric vehicle manufacturer, to diversify its revenue streams, the filing stated.</p><p>Price (HKD): $0.01, Change: $-0.00100, Percent Change: -7.69%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TV","symbol_name":"墨西哥电视","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528593068","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528593068","pubTimestamp":1744975496,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hybrid Kinetic Group  agreed to acquire a 51% stake in an unnamed film and television business for 51 million yuan, according to a late Thursday disclosure with the Hong Kong bourse.The target, established in 2024, holds a permit for the production and distribution of broadcasting and TV programs in China.The transaction will be settled through the issuance of a convertible note to the vendor, which guarantees to the purchaser that the target's net profit will be at least HK$20 million.The deal will allow Hybrid Kinetic, an electric vehicle manufacturer, to diversify its revenue streams, the filing stated.Price : $0.01, Change: $-0.00100, Percent Change: -7.69%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TV":"墨西哥电视","BK4100":"有线和卫星","HKD":"尚乘数科","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","BK4023":"应用软件","01188":"正道集团","BK4588":"碎股","BK1119":"汽车制造商"},"translate_title":"Hybrid Kinetic将收购中国电视业务51%股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"TV":1,"01188":0.9},"content_text":"Hybrid Kinetic Group (HKG:1188) agreed to acquire a 51% stake in an unnamed film and television business for 51 million yuan, according to a late Thursday disclosure with the Hong Kong bourse.The target, established in 2024, holds a permit for the production and distribution of broadcasting and TV programs in China.The transaction will be settled through the issuance of a convertible note to the vendor, which guarantees to the purchaser that the target's net profit will be at least HK$20 million.The deal will allow Hybrid Kinetic, an electric vehicle manufacturer, to diversify its revenue streams, the filing stated.Price (HKD): $0.01, Change: $-0.00100, Percent Change: -7.69%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2528593068","isCrawlerRequest":true}