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