AID Partners To List HMV Business Via Reverse Merger

Private equity firm AID Partners has reached an agreement to list its portfolio company, entertainment retailer HMV's Asia businesses, via a reverse merger with China 3D Digital Entertainment Ltd., according to an announcement. China 3D Digital will acquire 81.63% of HMV's Asia businesses by issuing 1.12 billion new shares at HK$0.365 apiece, at a total […]

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Read the original article: China Money Network