Beijing Media Corp. Ltd. Class H (HK:1000) has released an update.
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Beijing Media Corp. Ltd. plans to sell a state-owned property through a public tender with an initial bidding price of RMB20.7065 million. This transaction is classified as a major deal subject to shareholder approval, and a subsidiary of Capital Group has shown interest in bidding. The outcome of the tender will determine the final sale price and buyer, with further announcements expected.
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