Xinhua Media (600825.SH) plans to acquire a controlling stake in Jieyi Cailiun Technology Co., Ltd. through share issuance. This transaction is expected to constitute a major asset reorganization but will not result in a reorganization listing. This transaction is a related-party transaction, and the counterparty has been preliminarily identified as Shanghai Newspaper Group Culture New Media Investment Management Co., Ltd., a wholly-owned subsidiary of Xinhua Media’s controlling shareholder, Shanghai Newspaper Group. Due to this news, Xinhua Media’s stocks have been suspended on September 7, 2026, with the suspension expected to last no more than 10 trading days. Currently, the transaction is still in the planning stage, and the valuation and specific pricing of the target assets have not been determined.
Xinhua Media (600825.SH) plans to issue shares to acquire a controlling stake in Jieyi Cailian Technology Co., Ltd. This transaction is expected to constitute a major asset reorganization but will not result in a restructuring listing. This transaction is a related-party transaction, and the counterparties are preliminarily identified as Shanghai Newspaper Group’s wholly-owned subsidiary, Shanghai Newspaper Group Culture New Media Investment Management Co., Ltd., among others. The company’s shares have been suspended from September 7th, with an expected suspension period of no more than 10 trading days. Currently, the transaction is still in the planning stage, and the valuation and pricing of the target assets have not been determined.