Beijing Media Corp. Ltd. Class H ( (HK:1000) ) just unveiled an update.
Beijing Media Corporation Limited has revised the annual caps for its continuing connected transactions under the 2024 Advertising Agency Framework Agreement with BYDA. The agreement, effective from January 2025 to December 2027, involves the provision of advertising agency services for BYDA’s media resources. The revised annual caps have been increased to RMB5 million for each year, which are subject to annual review and reporting requirements but exempt from independent shareholders’ approval, reflecting the company’s strategic alignment with BYDA’s expanding media offerings.
More about Beijing Media Corp. Ltd. Class H
Beijing Media Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating primarily in the advertising industry. The company provides advertising agency services, focusing on media resources such as publications and new media platforms.
YTD Price Performance: 2.78%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €9.7M
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