GAP UP QUOTE OF THE DAY .... "Additional details on this venture - and the substantial premium it delivers to HHSE shareholders - will be released pre-market tomorrow. "
the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
Page 22
structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
More key trade coverage from Hong Kong FilMart... Congratulations to STARRY ENTERTAINMENT (Shenzen) and CRIMSON FOREST - two emerging principal venture partners for Hannover House - on an impressive announcement and resulting coverage from the Hong Kong FilMart yesterday.
(Reprinted by permission of VARIETY):
HOME FILM ASIA
FilMart: Ambitious Starry Entertainment Launch Defies China Slowdown
Shirley Lau
MARCH 15, 2017
A whopping 19 projects spanning across films, TV series, animations, VR and more are in the pipeline for Starry Entertainment, a newly established Chinese studio with a startup capital of $29 million (RMB200 million) and a financial capacity of $100 million.
Highest profile among the 19 is the $30 million “Hero’s Journey to the West,” an animated version of the classic Chinese tale “Journey to the West” featuring the famous Monkey King character. Starry has enlisted former Disney animator Chris Bradley as director and Marvel Studio character designer Walter A. McDaniel as the art director. A-list Hollywood stars are being scouted as voice talent for the English version of the film, scheduled for release during the Lunar New Year of 2019.
Starry also recently acquired McDaniel’s Beijing-based media company Red Dragon, according to Jon Chiew, former head of global business at Huace Films and now Starry’s COO and Hong Kong branch CEO.
Headquartered in Shenzhen with offices in both Hong Kong and Beijing, Starry Entertainment unveiled at FilMart on Wednesday an ambitious plan to pool a variety of resources across the show business spectrum to create a “one-stop shop” offering a wide spectrum of entertainment products.
The principal investor of the company, which has six subsidiaries, is Guotai Junan Securities, a Chinese securities companies founded in 1992. The two companies have signed an initial public offering memorandum as Starry Entertainment’s first step toward its goal to be a publicly listed company in mainland China within five years.
“We will create and develop content. And we will find partners and distributors, and also a lot of my friends want to invest, sometimes in the company and sometimes in individual projects,” said Chiew.
Starry has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions.
Another film project is “Asia Pacific Elimination Service”, a story about some retired action film actors, starring Thai martial artist and actor Tony Jaa and Taiwanese-American actor David Wu. It will be produced on a budget of $12 million, with production expected to begin by the end of 2017.
Other projects include “Crystal Panda,” an animation movie targeting children, and a 36-episode detective TV series.
The establishment of the new studio comes at a time when box office takings in China have slowed markedly. But Starry’s official launch during Hong Kong’s FilMart had a distinctly bullish feel. With some 200 people in the room, it took over the ballroom at the Grand Hyatt hotel, it boasted glossy corporate vides, organizational charts and on-stage interviews with talent from a selection of the upcoming projects.
Website: Consortium Independent STUDIOS/PRODUCERS/DISTRIBUTORS Merged Into POWERHOUSE Company
About 4 weeks ago, some one posted a link here. I went to the site and even took a photo shot that I posted here. In the morning the site was gone.
Not wanting to interfere with HHSE, I decided to remove my post. But the manipulators saw the info. HHSE has everything resolved, so I think this will cause no harm. I have decided everyone deserves the same info.
Warning: I have no idea if this has any basis in reality, what, if anything this photo shot means. It was simply a link posted here that I am sharing. Phot Shot only, the link does not currently work.