China firms set to invest RM3bil in cinema sector


From left: Tourism Malaysia southern region director Solehuddin Ahmad, Golden Shield Television deputy director Chen Jie, Moths Studio founder Tong Bing Yu, Changsha LeFeng Culture Communication Co Ltd chairman Shi Cai Wen, and Profima president Capt Khir Mohd Noor during the memorandum of understanding signing ceremony held at Forest City in Johor on Dec 3.

ISKANDAR PUTERI: Malaysia is set for a major boost in the cinematic world after China is poised to invest an accumulated RM3bil over the next five years.

China’s Golden Shield Television Centre and Changsha LeFeng Culture Communication Co Ltd (LeFeng) is partnering Malaysia’s Moths Studios Sdn Bhd to produced a series of multiple cultural entertainment projects including movies, dramas, programmes, events and many others.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , firms , invest , RM3bil , cinema , sectorMoth Studios ,

Next In Business News

Trading in Sunway, IJM shares suspended pending anouncement
FBM KLCI maintains rally as risk appetite improves
Trading ideas: Capital A, Iconic, UEM, MMAG, Meta Bright, KKB, Global Oriental, Reneuco, ITMAX, Insights Analytics
Ringgit opens marginally lower as US policy repricing lifts DXY
ART system set to transform Sarawak transport�
MyBeST charges up for execution
Ambani’s Reliance Jio considering IPO
The Week Ahead
Calmer time forecast for palm oil this year
Rio-Glencore deal closer than ever

Others Also Read