KODAK:FORKS OUT $100MIL FOR CHINA FIRM

2004-02-23T09:07:00-05:00

Headline: Kodak get Lucky share in ChinaFeb 2004 – Shanghai (CHN): Eastman Kodak has been given approval by the Chinese government to buy up to a fifth of the Shanghai-based Lucky Film company. Kodak will immediately acquire a 13% stake in the film-maker and embark on a 20-year agreement in which it will contribute $100 million in cash and technology to upgrade the firm’s production facilities. Kodak is believed to have edged out Fuji Photo Film in securing the deal.

Tonernews.com, February 23, 2004. USA

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Headline: Kodak get Lucky share in China

Feb 2004 – Shanghai (CHN): Eastman Kodak has been given approval by the Chinese government to buy up to a fifth of the Shanghai-based Lucky Film company.

Kodak will immediately acquire a 13% stake in the film-maker and embark on a 20-year agreement in which it will contribute $100 million in cash and technology to upgrade the firm’s production facilities.

Kodak is believed to have edged out Fuji Photo Film in securing the deal.
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February 23, 2004 at 9:07 AM

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