Pyramid Saimera signed MOV with CSMRB

Thebullishtrends: Pyramid Saimera shares are trading at Rs.347.20(+Rs.3.95). Chennai-based Pyramid Saimira Group, the world's fastest growing entertainment conglomerate has signed a Memorandum of Understanding with the China Society Music Research Board, which is under the Ministry of Culture of the People's Republic of China. The Jiangsu Pyramid Longzhe Group has been formed as a follow up of this MoU. As per the details of the Joint Venture, the Jiangsu Pyramid Longzhe Group will operate theatres, distribute films and engage in other entertainment, arts and cultural activities in China. The new entity plans to launch one screen per day in Mainland China and further generate non-box office revenues also.