CHENGDU, Jan.13 (NBD) -- A startup, by Chinese entertainment celebrity Zhao Wei, is to spend around 3 billion yuan (about 435 million US dollars) for 29.135 percent of shares of Zhejiang based Wanjia Culture. 

Tibet Longwei Culture & Media, purchaser of the deal and Zhao's startup with 2 million yuan (0.29 million US dollars) registered capital, gave an explanatory announcement in response to Shanghai Stock Exchange, interpreting the source of fund for conclusion of the 435-million-US-dollar deal. 

According to the announcement, Zhao is to offer 60 million yuan (8.71 million US dollars), a loan of 1.5 billion yuan (217.71 million US dollars) will be granted by a Tibet-based asset management firm, and the remaining of some 1.5 billion yuan (217.71 million US dollars) is by means of stock-pledge financing. 

Longwei also indicates that Zhao Wei and her husband, Huang Youlong, hold assets of some 5.6 billion yuan (812.77 million US dollars) in total, which reflects their reliable financial standing and strong ability of handling the debts. 

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