---
title: "Citic Guoan: Plans to increase capital in China Broadcasting Hunan Company through equity from multiple companies, focusing on its main business"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245248729.md"
description: "Citic Guoan announced that it plans to sign a capital increase agreement with China Broadcasting Hunan Company, with an investment amount of 278 million yuan, mainly through equity stakes in multiple companies. Upon completion of the transaction, the company is expected to hold approximately 5.29% equity in China Broadcasting Hunan Company and will no longer directly hold equity in companies such as Changsha Guoan. This move will help the company focus on its main business and improve its asset structure"
datetime: "2025-06-19T09:13:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245248729.md)
  - [en](https://longbridge.com/en/news/245248729.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245248729.md)
---

# Citic Guoan: Plans to increase capital in China Broadcasting Hunan Company through equity from multiple companies, focusing on its main business

According to the announcement from Citic Guoan (000839.SZ), the company plans to sign a "Capital Increase and Share Expansion Agreement" with China Broadcasting Hunan Network Co., Ltd. (referred to as "China Broadcasting Hunan") to participate in the integration of cable television networks in Hunan Province. This will involve increasing capital in China Broadcasting Hunan with a 46.46% stake in Changsha Guoan Broadcasting and Television Broadband Network Co., Ltd. (referred to as "Changsha Guoan"), a 49.00% stake in Yueyang Cable Television Broadband Network Co., Ltd. (referred to as "Yueyang Cable"), a 49.00% stake in Liuyang Guoan Broadcasting and Television Broadband Network Co., Ltd. (referred to as "Liuyang Guoan"), a 49.00% stake in Yiyang Guoan Broadcasting and Television Broadband Network Co., Ltd. (referred to as "Yiyang Guoan"), and a 60% stake in Guoan Liuyang Broadband Data Communication Co., Ltd. (referred to as "Liuyang Data").

Based on the valuation report with July 31, 2024, as the assessment reference date, the capital increase amount is 278 million yuan. The company will directly transfer the consideration for the above equity as a capital contribution to China Broadcasting Hunan. After the completion of this transaction, the company is expected to hold approximately 5.29% of the equity in China Broadcasting Hunan and will no longer directly hold stakes in Changsha Guoan, Yueyang Cable, Liuyang Guoan, Yiyang Guoan, and Liuyang Data.

It is reported that this transaction will benefit the company in focusing on its main responsibilities and business, promoting the special work of streamlining and improving its body, and enhancing its asset structure

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