<div id="readability-page-1">China Literature ( (HK:0772) ) just unveiled an announcement.China Literature’s PRC operating entity Shanghai Hongwen has agreed to acquire an additional 28.22% stake in a target company from Tencent-controlled Linzhi Lichuang for RMB400.78 million. The deal will raise China Literature’s holding in the target from 31.48% to about 59.70%, giving it majority control.The transaction is classified as a connected deal under Hong Kong’s listing rules because both China Literature and the vendor are ultimately controlled by Tencent, and it must be aggregated with a prior 26.67% stake purchase completed in July 2025. As the combined size remains below the threshold for shareholder approval, the deal only triggers reporting and announcement requirements, and completion is still conditional, so investors are cautioned that it may not proceed. The most recent analyst rating on (HK:0772) stock is a Buy with a HK$36.00 price target. To see the full list of analyst forecasts on China Literature stock, see the HK:0772 Stock Forecast page. <div> More about China Literature China Literature Limited is an online literature and digital reading platform operator based in China, focusing on online publishing, IP development and related content services. The company operates through PRC entities such as Shanghai Hongwen and is ultimately controlled by Tencent, which is its controlling shareholder and a key connected party under Hong Kong listing rules. Average Trading Volume: 5,298,289 Technical Sentiment Signal: Sell Current Market Cap: HK$23.58B </div><div> See more insights into 0772 stock on TipRanks’ Stock Analysis page. </div></div>

00772

00700

TCEHY

TCTZF

China Literature announced it will acquire an additional 28.22% stake in a target company from Tencent-controlled Linzhi Lichuang for RMB400.78 million, raising its holding to approximately 59.70% and securing majority control. Classified as a connected deal under Hong Kong listing rules, the transaction requires only reporting and announcement, not shareholder approval. Completion is conditional, and investors are cautioned that the deal may not proceed.

- China Literature has announced the acquisition of an additional 28.22% stake in a target company from Tencent-controlled Linzhi Lichuang for RMB 400.78 million.  
- This deal will increase China Literature’s holding to about 59.70%, granting it majority control and classified as a connected deal under Hong Kong’s listing rules.  
- The transaction requires reporting but does not need shareholder approval, and completion is conditional, prompting caution among investors regarding its finalization.

Tip Ranks

CHINA LIT

TENCENT

Tencent

Tencent Holdings Limited

TENCENT-R

Tencent HK SDR 10to1

China Literature Moves to Majority Control in Target Firm via Tencent-Linked Deal