According to Zhitong Finance App, China Media Holdings (000607.SZ) announced that the company plans to publicly list and transfer shares (8.62% of the registered capital) corresponding to the registered capital of China Education Future International Education Technology (Beijing) Group Co., Ltd. (abbreviation: China Education Future) and publicly list to introduce external shareholders to increase the capital and expand shares of China Education Future. The minimum listing price for the share transfer is 30 million yuan; the capital increase amount for capital increase and stock expansion is not less than 240 million yuan, and the company relinquishes priority capital pledges for this capital increase. If the equity transfer and capital increase matters are successfully implemented, the company will no longer control the future of China Education.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.