Business Daily from THE HINDU group of publications
Monday, April 21, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Monday, April 21, 2008 ePaper | Mobile/PDA Version |
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News Update as at 18.00 hrs (IST)
Corporate Pyramid Saimira signs MoU with China Society Music board MUMBAI: Pyramid Saimira Theatre Ltd informed the BSE that Chennai-based Pyramid Saimira Group has signed a Memorandum of Understanding with the China Society Music Research Board, which is under the Ministry of Culture of the People's Republic of China.
The Jiangsu Pyramid Longzhe Group has been formed as a follow up of this MoU. As per the joint venture, the Jiangsu Pyramid Longzhe Group will operate theatres, distribute films and engage in other entertainment, arts and cultural activities in China. The new entity plans to launch one screen per day in Mainland China and further generate non-box office revenues also.
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