O-Film Wins Bid for 48.9281% Stake in Subsidiary for 571 Million Yuan

This is a consolidation of minority interests rather than an expansion: O-Film is buying out a state-linked co-investor in its Jiangxi imaging unit, and because the subsidiary is already consolidated, the headline number overstates the financial footprint. The significance lies in control and clean-up — full ownership removes a partner from the cap table and simplifies decision-making at the imaging business, while the 571 million yuan outflow is the real cost to watch. Execution risk remains until the formal agreement, payment and registration clear; whether those steps complete on schedule is the open question.