Xinhua Media to acquire Jiemian and Cailian Press via share issuance at RMB 3.93 per share
Xinhua Media (600825.SH) announced on September 18, 2026, a plan to acquire 100% equity of Shanghai Jiemian Cailianshe Technology Co., Ltd. from 13 counterparties via share issuance at RMB 3.93 per share, a discount to its pre-suspension close of RMB 5.31. The deal constitutes a major asset restructuring and related-party transaction. Trading, suspended since September 7, will resume on September 21. The final valuation and transaction price remain undetermined pending audit.
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Xinhua Media to Resume Trading After Major Asset Restructuring Plan
Xinhua Media (600825) announced a preliminary plan to acquire 100% equity of Shanghai Jiemian Cailianshe Technology Co., Ltd. from 13 counterparties, including Shanghai United Media Group and Shanghai Securities Information Co. The transaction, considered a major asset restructuring, will be paid entirely through share issuance at a negotiated price of RMB 3.93 per share, below the pre-suspension closing price of RMB 5.31. The company, controlled by Shanghai SASAC via Shanghai United Media Group, suspended trading on September 7 and will resume on September 21. Xinhua Media's traditional book and newspaper business faces industry pressures, with net profit of RMB 42.26 million in FY2025 and flat first-half 2026 results. In contrast, the target asset Jiemian Cailianshe reported net profit of RMB 108 million in FY2025. The final transaction price remains undetermined pending audit and valuation.
Read sourceXinhua Media Plans to Acquire Shanghai Jiemian Cailianshe Technology in Share Deal
Xinhua Media has announced its intention to acquire 100% of the equity in Shanghai Jiemian Cailianshe Technology Co., Ltd. The acquisition will be conducted through the issuance of shares. The company stated that this transaction is expected to constitute a major asset restructuring and a related-party transaction. As a result of the announcement, trading in Xinhua Media's shares, which had been suspended, will resume on September 21, 2026. The announcement was reported by tradealpha, a domestic media outlet. The deal represents a significant corporate action for Xinhua Media, involving the full acquisition of a technology firm. The specific terms of the share issuance and the valuation of the target company were not disclosed in the announcement.
Read sourceXinhua Media Board Approves Share Issuance Plan for Acquisition, Trading to Resume
On September 18, 2026, Xinhua Media announced that its board of directors has approved a preliminary plan to issue shares to acquire 100% of the equity in Shanghai Jiemian Cailianshe Technology Co., Ltd. The transaction is expected to constitute a major asset restructuring and a related-party transaction. Due to the audit and valuation work not yet being completed, no shareholders' meeting will be convened for the time being. The company's shares, which were suspended pending the announcement, will resume trading at market open on September 21, 2026. The announcement was reported by Jin10 Data, a financial information platform.
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Xinhua Media to Acquire Jiemian Cailian Press via Share Issue; Stock Resumes Monday
According to a report by Cailian Press on September 18, Xinhua Media (600825.SH) announced in a filing that it plans to acquire 100% equity of Shanghai Jiemian Cailian Press Technology Co., Ltd. through the issuance of shares. The transaction is expected to constitute a major asset restructuring and a related-party transaction. The company's stock, which was suspended pending the announcement, will resume trading on September 21, 2026. The acquisition involves two prominent Chinese financial news platforms: Jiemian and Cailian Press, both of which are owned by the target company. The deal is subject to regulatory approvals and shareholder votes. No further details on the valuation or terms of the share issuance were provided in the initial announcement.
Read sourceXinhua Media's Major Asset Restructuring Advances; Trading to Resume Next Monday
Xinhua Media (stock code 600825) has announced new progress in its major asset restructuring plan. The company intends to acquire 100% equity in Shanghai Jiemian Cailianshe Technology Co., Ltd. from 13 counterparties, including Shanghai United Media Group Cultural New Media Investment Management Co., Ltd., through a share issuance. The transaction is expected to constitute a major asset restructuring. Xinhua Media, the primary capital platform under Shanghai United Media Group, is controlled by the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) with a combined 51.49% stake. The initial scheme has been finalized, but the final transaction price remains undetermined as audit and valuation work is incomplete. The consideration will be paid entirely through share issuance at a negotiated price of RMB 3.93 per share, while Xinhua Media's last closing price was RMB 5.31. The company suspended trading on September 7 and will resume on September 21. Xinhua Media's traditional core business faces industry-wide adjustment pressures, with a net profit of RMB 42.2578 million in fiscal 2025 and RMB 32.765 million in the first half of 2026. The target asset, Jiemian Cailianshe, recorded a net profit of RMB 108 million in fiscal 2025.
Read sourceXinhua Media Plans Share Issuance to Acquire Jiemian Cailian Press; Stock to Resume September 21
Xinhua Media (600825.SH) announced on September 18 that it plans to acquire 100% equity of Shanghai Jiemian Cailian Press Technology Co., Ltd. through a share issuance. The transaction is expected to constitute a major asset restructuring and a related-party transaction, according to the company's announcement. Xinhua Media's shares will resume trading on September 21, 2026. The announcement was reported by Gelonghui and sourced from stockstar_company_news. No further details on the valuation or terms of the deal were provided in the report.
Read sourceXinhua Media to Acquire Jiemian Cailianshe in Major Asset Restructuring, Trading to Resume Sept 21
Xinhua Media (stock code 600825) announced progress in its major asset restructuring plan, aiming to acquire 100% equity in Shanghai Jiemian Cailianshe Technology Co., Ltd. from 13 counterparties, including Shanghai United Media Group Cultural New Media Investment Management Co., Ltd., through a share issuance. The initial scheme is finalized, but the appraised value and transaction price remain undetermined due to incomplete audit and valuation work. The consideration will be paid entirely via shares at an issue price of RMB 3.93 per share, compared to Xinhua Media's recent closing price of RMB 5.31. Trading, suspended since September 7, will resume on September 21. Xinhua Media, currently focused on book distribution and newspaper operations, faces industry-wide adjustment pressures. In fiscal year 2025, its net profit was RMB 42.2578 million (EPS ~RMB 0.04). In the first half of 2026, operating revenue was RMB 631 million and net profit RMB 32.765 million, flat year-on-year. The target asset, Jiemian Cailianshe, recorded a net profit of RMB 108 million in fiscal year 2025.
Read sourceXinhua Media to Acquire Jiemian and Cailian Press via Share Issuance, No Cash Involved
Xinhua Media announced after market close on September 18 that it will acquire 100% equity of Jiemian News & Cailian Press from 13 counterparties, including Wenxin Investment and Shanghai Shangtou Holdings, entirely through share issuance with no cash payment or supporting fundraising. The issue price is set at RMB 3.93 per share, a nominal discount of approximately 25.99% from the pre-suspension closing price of RMB 5.31 on September 4. The pricing benchmark date is the announcement date of the first board resolution on this restructuring. Notably, HKSCC Nominees Limited significantly increased its stake in Xinhua Media prior to the suspension, becoming a major shareholder. Unaudited financial summaries show Jiemian News & Cailian Press had net cash flows from operating activities of RMB 122 million and RMB 222 million for fiscal years 2024 and 2025, respectively, and net profit attributable to parent company shareholders of approximately RMB 108 million in fiscal year 2025. The final asset valuation, total transaction consideration, and performance compensation commitments remain undetermined and will be disclosed in the formal restructuring report.