Beijing Media Corp. Ltd. Class H (HK:1000) has released an update.
Beijing Media Corporation Limited has expanded its portfolio by acquiring 100% equity interest in Jingjian Media at the starting bid of RMB2,088,730 through a public auction. The strategic acquisition, completed on 13 October 2024, has made Jingjian Media a wholly-owned subsidiary, enhancing Beijing Media’s market presence. This transaction is classified as both a discloseable and connected transaction under the Listing Rules, due to its relationship with the seller, Legal Evening Agency, though it falls beneath the threshold requiring independent shareholder approval.
For further insights into HK:1000 stock, check out TipRanks’ Stock Analysis page.
