BRIEF-Alibaba Pictures Says Alibaba Pictures (Zhejiang) To Acquire 31.18% Stake In Tianjin Yinhekuyu For Upto Rmb123 Mln

March 18 (Reuters) - Alibaba Pictures Group Ltd:

* ALIBABA PICTURES (ZHEJIANG) TO ACQUIRE 31.18% OF INTEREST IN TIANJIN YINHEKUYU FOR TOTAL CONSIDERATION OF UPTO RMB123 MILLION

* ALIBABA PICTURES (ZHEJIANG) AGREED TO ACQUIRE AN AGGREGATE OF ABOUT 28.81% STAKE IN TIANJIN YINHEKUYU FOR UP TO RMB277 MLN Source text for Eikon: Further company coverage:

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