Media group Orange Sky raises $61.5m from HK, Chinese investors

HK-based entertainment gorup Orange Sky Golden Harvest.

Orange Sky Golden Harvest Entertainment has raised RMB400 million ($61.5 million) from Credit Prosperity Fund, Beijing Weiying Technology, and an unnamed private investment fund management company.

Credit Prosperity, managed by CITIC Securities, will pump in half of the total funds raised, PE-backed Weiying Technology will commit RMB150 million while the rest will be raised from a China-based third investor.

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