Beijing Media Corp. Revises Annual Caps for Advertising Agreement

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialThe latest announcement is out from Beijing Media Corp. Ltd. Class H ( (HK:1000) ). Beijing Media Corporation Limited has announced a revision of the annual caps for its continuing connected transactions under the 2024 Advertising Agency Framework Agreement with BYDA Group. The revised annual caps for the years ending December 31, 2027, have been increased to RMB6,500,000, reflecting the company’s projected business requirements and past fees. The changes are subject to annual review and reporting requirements but do not require independent shareholders’ approval, as they fall below the threshold set by the Listing Rules. The most recent analyst rating on (HK:1000) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Beijing Media Corp. Ltd. Class H stock, see the HK:1000 Stock Forecast page. More about Beijing Media Corp. Ltd. Class H Beijing Media Corporation Limited is a joint stock company incorporated in the People’s Republic of China. It operates in the advertising industry, providing advertising agency services. The company focuses on selling advertising space in various publications and media owned or represented by BYDA Group, excluding Beijing Youth Daily, and offers related services. Average Trading Volume: 22,820 Technical Sentiment Signal: Hold Current Market Cap: HK$116.4M For a thorough assessment of 1000 stock, go to TipRanks’ Stock Analysis page.