By Patrick Frater
Huayi Brothers Mounting Losses Topple CEO Jerry Ye
29.04.2020 - 11:15 / variety.com
By Patrick Frater
Asia Bureau Chief
Losses at Huayi Brothers Media one of China’s longest-running private sector film studios, hit $567 million in 2019. CEO Jerry Ye (aka Ye Ning) has been removed and will be replaced by James Wang Zhonglei, co-founder of the group.
The company issued several dozen documents to the Shenzhen Stock Exchange on Wednesday, covering the 2019 losses, further losses in the coronavirus-hit first quarter of 2020, and plans to raise some $325 million from outside
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