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SEC Filings

8-K/A
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017
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Wide Angle Group Limited

 

December 31, 2015 and December 31, 2016

 

Note 11 – Related Party Transactions

 

All the following related parties are under common control of SSC’s chairman Bruno Wu Zheng. WAG is a subsidiary of BT Capital Global Ltd., which is controlled by Bruno Wu Zheng.

 

Amounts due from related parties:

 

Type  Name of related party  December 31, 
      2015   2016 
Related parties with common ultimate investors  Wecast Media Group Limited   -    191,207 
Related parties with common ultimate investors  Sun Enterprise Group Limited   1,274,455    608 
Related parties with common ultimate investors  Centres for Wellness Limited   529    - 
Related parties with common ultimate investors  Seven Stars Entertainment Group Limited   6,253    - 
Related parties with common ultimate investors  Seven Starts Film Studios Limited   2,688    - 
Related parties with common ultimate investors  Wide Angle China Operation Holdings Limited   504,151    - 
Related parties with common ultimate investors  Perfect Storm Entertainment Private Limited   191,356    - 
Related parties with common ultimate investors  Sun Media Investment Holdings Limited   634    - 
Related parties with common ultimate investors  Gevicell Global Investment Ltd   742    - 
Related parties with common ultimate investors  Contennial Sun Capital Group Ltd   1,819    - 
Related parties with common ultimate investors  Wide Angle Media Group, LLC   1,819    - 
Related parties with common ultimate investors  Wu Zheng Bruno   67,875    - 
Related parties with common ultimate investors  Yang Lan   12,771    - 
Total      2,065,092    191,815 

 

All the related party payables are related to disbursement fees related parties paid for the Group. The Group does not pay interest to these related parties and all these payables are short-term.

 

The accompanying notes are an integral part of these consolidated financial statements. 21