News Release
Notice Regarding Transfer of Open Culture Entertainment HK Limited Shares
Jul 31, 2024
TOKYO, Japan – July 31, 2024 – ORIX Corporation (“ORIX”) announced today that ORIX Asia Capital Limited (“ORIX Asia Capital”), its group company in Hong Kong, will transfer all of its shares in Open Culture Entertainment HK Limited (“Open Culture Entertainment”), an intermediary company for Japanese films and other content, to Phoenix Entertainment Group, a joint shareholder and Chinese movie production and distribution company. The share transfer is scheduled to be completed by early August.
1. Purpose of the transfer of shares
In order for Open Culture Entertainment to develop its business in a more agile way in the future, ORIX Asia Capital has decided to transfer all of its shares in Open Culture Entertainment.
Name | Open Culture Entertainment HK Limited |
---|---|
Established | July 2019 |
Head Office | Hong Kong |
Representative | Chen Jinhuan |
Description of Business | Mediation and purchasing related to content |
Shareholding Ratio | ORIX Asia Capital Limited 45%, Phoenix Entertainment Group, etc.55% (Ratios of shares are before transferred) |
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX Group:
ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 34,000 people. ORIX Group unites globally around its Purpose: “Finding Paths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.
For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2024)
Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2023 – March 31, 2024” furnished on Form 6-K.
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