Hong Kong, December 5, 2006 - Morrison & Foerster represented Golden Harvest Entertainment in an agreement reached for the 91 million Malaysian Ringgit (US$24.2 million) sale of its 40.22% stake in Golden Screen Cinemas Sdn Bhd, a major film distributor and cinema operator in Malaysia.  The transaction was lead by Hong Kong partner, Tien-yo Chao.

Founded in 1970, Golden Harvest Entertainment (HKSE: 1132) is one of the most influential powerhouses in the Chinese film and entertainment industry.  Its businesses range from film production, distribution to exhibition and financing, and commands the leading position in Chinese-language film distribution and cinema operation in Hong Kong and Southeast Asia. 

Due to the size of the transaction and Malaysian legal restrictions on foreign ownership, closing of the transaction is subject to shareholders' approval and regulatory consent.