Beijing Media Corp. Ltd. Class H (HK:1000) has released an update.
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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.
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