---
title: "CH FRONTIER TEC sells loss-making business, realizing 8 million yuan"
description: "CH FRONTIER TEC announced the sale of its media content production and distribution subsidiary - Torch Media, to an independent third party, Crestwell International, for a cash consideration of 8 mill"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/270917611.md"
published_at: "2025-12-28T12:05:57.000Z"
---

# CH FRONTIER TEC sells loss-making business, realizing 8 million yuan

> CH FRONTIER TEC announced the sale of its media content production and distribution subsidiary - Torch Media, to an independent third party, Crestwell International, for a cash consideration of 8 million yuan. The estimated loss from the sale is approximately 46.02 million yuan

CH FRONTIER TEC (01661.HK) announced the sale of its media content production and distribution subsidiary - Torch Media, to an independent third party, Crestwell International, for a cash consideration of HKD 8 million. The estimated loss on the sale is approximately RMB 46.02 million

### Related Stocks

- [01661.HK - CH FRONTIER TEC](https://longbridge.com/en/quote/01661.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| China Frontier Technology Group Announces Date for Extraordinary General Meeting | China Frontier Technology Group will hold an extraordinary general meeting on February 13, 2026, in Central, Hong Kong.  | [Link](https://longbridge.com/en/news/274001461.md) |
| Olympics-Ice hockey-Durante dazzles despite Italy exit to US | Italy's goalie Gabriella Durante delivered an outstanding performance despite Italy's exit from the women's Olympic ice  | [Link](https://longbridge.com/en/news/275954373.md) |
| Elon Musk Says Tesla Will Have 'Largest Fleet' Of Autonomous Vehicles As Far Into The Future As He Can Imagine | Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), announced that he envisions Tesla having the largest fleet of autonomous veh | [Link](https://longbridge.com/en/news/276007509.md) |
| Tianqi Lithium Completes USD-Settled Zero Coupon Convertible Bonds Due 2027 | Tianqi Lithium Corporation has completed the issuance of USD-settled zero coupon convertible bonds due 2027. The net pro | [Link](https://longbridge.com/en/news/275587505.md) |
| Tesla China hires Autopilot Test Engineer amid continued FSD rollout preparations | Tesla is hiring an Autopilot Test Engineer in Lingang, Shanghai, indicating ongoing preparations for the Full Self-Drivi | [Link](https://longbridge.com/en/news/275882695.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.