SinoMedia Acquires 0.5% Stake in Shenzhen Xunce for HK$77.8 Million
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SinoMedia Holding Ltd. has acquired a 0.5% stake in Shenzhen Xunce by purchasing 1,620,600 H Shares at HK$48 each, totaling HK$77.8 million. Additionally, Orient Asset Management subscribed for 1,596,000 H Shares, representing about 0.49% of Shenzhen Xunce’s issued share capital, which will be managed as part of SinoMedia’s investment portfolio under a Discretionary Investment Management Agreement.
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