Phoenix Media Signs Chinese Medicine Documentary Production Deal; Shares Slip 3%
Phoenix Media Investment (HKG:2008) entered into a cooperation agreement with substantial shareholder Bauhinia Culture HK to produce, broadcast, and promote a Chinese medicine-themed documentary program, according to a May 15 Hong Kong bourse filing.Shares of the media company were down over 3% in Monday morning trade.The agreement carries an engagement fee of 26 million yuan, the filing said.