Xinhua Media plans major asset restructuring, to acquire controlling stake in Jiemian Cailianshe

M&A · Partnership
โดย 上海证券报·CN·Read original
Summary · why it matters

Xinhua Media announced that the company plans to acquire a controlling stake in Shanghai Jiemian Cailianshe Technology Co., Ltd. through a share issuance, which is expected to constitute a major asset restructuring but not a backdoor listing. The transaction constitutes a related-party transaction, with the counterparties preliminarily identified as entities including Shanghai United Media Group Culture New Media Investment Management Co., Ltd., a wholly owned subsidiary of the controlling shareholder Shanghai United Media Group. Trading in the company's shares has been suspended since September 7, with the suspension expected to last no more than 10 trading days. The transaction is still in the planning stage, and the valuation and pricing of the underlying assets have not yet been determined.

Impact on stocks 3

Others▲ · 3 stocks
Shanghai Xinhua Media Co Ltd
600825
▲ PositiveCapitalrelevance

Xinhua Media plans to acquire a controlling stake in Jiemian Cailianshe via share issuance, a major asset restructuring that adds assets to the listed company.

Off-coverage companies 3

上海界面财联社科技股份有限公司Private± Mixed
Capitalrelevance

Jiemian Cailianshe is the target being acquired for a controlling stake, but valuation and pricing are undetermined and the deal is still in planning.

上海报业集团Private± Mixed
relevance

上海报业集团文化新媒体投资管理有限公司Private± Mixed
relevance

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