Jiangxi Film Co., Ltd. completed the acquisition of Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd..
February 10, 2022
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Jiangxi Film Co., Ltd. agreed to acquire Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) for CNY 86.7 million on January 20, 2022. Beijing Oriental Panorama has total assets of CNY 100.2269 million, Net assets of CNY 81.1708 million, EBIT of CNY 0.1047 million and Net profit of CNY -14.9668 million on December 31, 2021. Board of Chinese Universe Publishing on January 20, 2022 approved the transaction.
Jiangxi Film Co., Ltd. completed the acquisition of Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) on February 11, 2022.
Chinese Universe Publishing and Media Group Co., Ltd., formerly CHINESE UNIVERSE PUBLISHING AND MEDIA CO., LTD., is a China-based publishing and media company principally engaged in the traditional publishing business, extension chain of business and new format business. Traditional publishing business consists of book editing and publishing, newspaper and magazines, printing and distribution and material supply. The extension chain of business includes domestic and foreign trading, chain of supply, modern logistic business and application of Internet of Things (IoT) technology. The New format business consists of new media and online education, Internet games, digital publishing, television program products, art operation, culture integration and investment and financing. The Company's main products consist of general books, text books teaching assistant materials and audio and video products.
Jiangxi Film Co., Ltd. completed the acquisition of Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd..