Beiqing Media (01000.HK): Successfully bid to acquire 5.291% equity of Beiqing Community Media

Gelonghui, October 28丨Beijing Media (01000.HK) announced that on October 28, 2022, the company participated in the public auction of the Municipal Third Intermediate Court on the Taobao judicial auction network platform, and the final starting price was RMB 152.075 The 5.291% stake in Beiqing Community Media held by Shanghai Xingjing was auctioned for 10,000 yuan. After the completion of the auction and acquisition, the company’s shareholding in Beiqing Community Media will increase from 52.661% to 57.952%.

In recent years, the Group has actively explored new markets and planned business transformation. As an important subsidiary of the company, Beiqing Community Media has transformed from the original business model of traditional media and newspapers to a business model of government-affiliated media services, and has continuously improved its influence in the field of community media. Through bidding and acquisition, the company will further consolidate the control of Beiqing Community Media, optimize the decision-making mechanism of Beiqing Community Media, and promote the healthy and sound development of Beiqing Community Media.