Pioneer Capital sells Pukeko Pictures stake to China's Hengxin Shambala Culture

Mon, 12 Mar 2018

By Paul McBeth March 12 (BusinessDesk) - Investment firm Pioneer Capital has settled the sale of its 33 percent stake in Wellington TV and film animation production house Pukeko Pictures to China's Hengxin Shambala Culture for $15 million. The change in ownership has appeared in Companies Office filings and reflected the settlement of an agreement with Shenzhen Stock Exchange-listed Hengxin Shambala in November, Pioneer investment director Craig Styris said in an email. At the time, the Chinese firm said it was buying two New Zealand fir...

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