What is the reorganization of Sanjiang?

It refers to an asset reorganization of China Sanjiang Group Co., Ltd. on 20 19. That is to say, Beijing Huayi Brothers Film and Television Co., Ltd. 100% equity was obtained by issuing shares and paying cash. The reorganization aims to integrate the high-quality cultural and entertainment resources of both sides, realize industrial upgrading and business expansion, and improve market competitiveness and profitability.