Wuhan DDMC Culture & Sports Plans to Sell 45% Stake in Media Subsidiary
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Wuhan DDMC Culture & Sports is planning to publicly auction its 45% stake in loss-making media subsidiary Time Media. The transaction price will be determined after asset evaluation, with pre-disclosure between April 23 to May 22, according to a Wednesday filing with the Shanghai bourse. Shares of the TV program producer and distributor closed more than 1% higher Wednesday.
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