BRIEF-Poly Culture Group Corp says unit entered into equity transfer agreement

March 7 (Reuters) - Poly Culture Group Corp Ltd

* Unit, entered into equity transfer agreement with Xingx

Group and Xingx Holdings

* Poly Film will acquire 100% equity interest in xingx

entertainment from Xingx Group and Xingx Holdings for RMB680

million

* Upon completion of acquisition, Xingx Entertainment will

become a wholly-owned subsidiary of co

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