Can Sheng Da Culture and Tencent Merge?

I can't. Sheng Da Culture 20 17 announced on May 3rd that Tencent subscribed for 29.32% equity of Sheng Da Culture with HK$ 65,438+46 million. Tencent did not completely control Sheng Da culture, but became the second largest shareholder of the company. The main business of Sheng Da Culture and its subsidiaries focuses on film and television investment and production, game development and education. The strategic goal of Sheng Da culture is to build a pan-entertainment industry platform around the "grand cultural strategic pattern" and promote the integration of "entertainment and education" industries.