BRIEF-DMG Entertainment And Media's Controlling Shareholder's Shares To Be Frozen By Court

Reuters

13 August 2018 at 11:57 pm

Aug 14 (Reuters) - DMG Entertainment and Media Co Ltd :

* SAYS CONTROLLING SHAREHOLDER'S 779.46 MILLION SHARES, OR 44.04 PERCENT STAKE, IN THE COMPANY TO BE FROZEN BY LOCAL COURT FOR THREE YEARS

* SAYS THE FREEZE OF SHARES MAY LEAD TO CHANGE IN COMPANY'S OWNERSHIP, ALSO CAUSE PROBLEMS SUCH AS LOWER CREDIT RATING AND DIFFICULTIES IN FINANCING Source text in Chinese: https://bit.ly/2w0vrjC Further company coverage: (Reporting by Hong Kong newsroom)

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