Hong Kong producer-distributor Mei Ah Entertainment has sold a 21% stake in local production outfit BIG Media Group to Chinese investor Brandon Wen Rui Feng for $10.3m (HK$80m).

Mei Ah bought a 44% share in BIG last year which was diluted to 23% following the placement of new shares. The company's stake in BIG has now been reduced to 2.3%. However, Mei Ah will continue to handle international sales on BIG's slate and acquire select titles for its movie channels and theatrical release.

At Hong Kong Filmart last year, BIG unveiled plans to produce 100 movies in five years. Titles on its current production slate include Jingle Ma's Butterfly Lovers, starring Louis Koo, Liu Yifei and Shawn Yue, and V For Vampire about vampire chickens terrorising Hong Kong, which Mei Ah will be selling at the upcoming European Film Market (EFM) in Berlin.

Mainland producer and former Shanghai Film Studio executive Charlie Zhuo Wu (Purple Butterfly, Sound Of Colours) recently replaced Hong Kong-based Wellington Fung as CEO of BIG Media after the latter was appointed as secretary general of the Film Development Council.