Xinhua Winshare to acquire Sichuan Nationalities Publishing House for 346 million yuan
Xinhua Winshare Publishing and Media Co., Ltd. announced on September 21, 2026, a plan to acquire 100% equity of Sichuan Nationalities Publishing House from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for approximately 346 million yuan in cash. The related-party transaction aims to resolve potential horizontal competition and strengthen the company's ethnic publishing portfolio. The target was valued at a 184.59% premium over its book value of 121 million yuan.
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Xinhua Winshare to Acquire Sichuan Nationalities Publishing House for 345.7 Million Yuan
Xinhua Winshare Publishing and Media Co., Ltd. announced on September 21, 2026, that it plans to acquire 100% equity of Sichuan Nationalities Publishing House Co., Ltd. from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for 345.747 million yuan in cash. The transaction is a related-party deal but does not constitute a major asset restructuring and does not require shareholder approval, though it still needs state-owned asset supervision procedures. The purchase price is based on an income method valuation as of March 31, 2026, which assessed the target's equity at 345.747 million yuan, a 184.59% premium over its book value of 121.4886 million yuan. The target company reported revenue of 185.418 million yuan and net profit of 21.7875 million yuan for 2025, and 69.6915 million yuan in revenue with 16.249 million yuan in net profit for the first quarter of 2026. The seller has committed that the target's cumulative net profit from April 1, 2026, through 2029 will be no less than 58.834 million yuan, with any shortfall to be compensated in cash. The acquisition aims to strengthen Xinhua Winshare's presence in ethnic publishing and resolve potential intra-industry competition. The company's board approved the deal on September 21, 2026, with related directors recused from voting.
Read sourceXinhua Winshare to Acquire Sichuan Nationalities Publishing House for 346 Million Yuan
Xinhua Winshare Publishing and Media Co., Ltd. (601811.SH) announced on September 21 that it plans to acquire 100% equity of Sichuan Nationalities Publishing House (Minzu She) from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for 346 million yuan in cash. The acquisition follows a December 2021 agreement where Sichuan Xinhua Publishing and Distribution Group received Minzu She through a gratuitous transfer from Sichuan Dangjian Periodical Group, as part of a provincial reform of state-owned cultural enterprises. This transfer created potential horizontal competition between Xinhua Winshare and its parent in the publishing and distribution sector. The company states the acquisition aims to resolve this competition issue, ensure regulatory compliance, strengthen its ethnic publishing content, enrich its content supply system, and enhance core competitiveness. The transaction price is based on an equity valuation as of March 31, 2026, and will be formalized through an equity transaction contract.
Read sourceXinhua Winshare to Acquire Sichuan Ethnic Publishing House for 346 Million Yuan
Xinhua Winshare Publishing and Media Co., Ltd. (601811.SH) announced on September 21 that it plans to acquire 100% equity of Sichuan Ethnic Publishing House Co., Ltd. from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for a total consideration of 346 million yuan in cash. The transaction is classified as a related-party transaction but does not constitute a major asset restructuring. The company stated that the acquisition will help it further expand its presence in the ethnic publishing sector and also help resolve potential issues of horizontal competition. The announcement was made via the official financial news platform Cailianshe.
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Xinhua Winshare to Acquire 100% Stake in Sichuan Nationalities Publishing House for 346 Million Yuan
On September 21, Xinhua Winshare Publishing and Media Co., Ltd. announced its plan to acquire 100% equity of Sichuan Nationalities Publishing House Co., Ltd. (referred to as 'Minzu She') from the seller, Sichuan Xinhua Publishing House Co., Ltd. The transaction value is 346 million yuan, to be paid in cash in full within five working days after the agreement takes effect. Upon completion, Xinhua Winshare's stake in Minzu She will increase from 0% to 100%, making it a wholly-owned subsidiary consolidated into its financial statements. Minzu She's main businesses include book publishing, primary and secondary school textbook publishing, online publication publishing, and wholesale and retail of publications. Its registered capital is 10 million yuan. The deal is classified as a related-party transaction but does not constitute a major asset restructuring. The information was sourced from Southern Finance Network.
Read sourceXinhua Winshare Plans 346M Yuan Acquisition After Two Consecutive Daily Price Limits
On September 21, 2026, Xinhua Winshare Publishing and Media Co., Ltd. announced a plan to acquire 100% equity of Sichuan Nationalities Publishing House from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for 346 million yuan. The transaction is classified as a related-party deal but does not constitute a major asset restructuring. The acquisition aims to resolve potential horizontal competition in the publishing sector and strengthen the company's presence in ethnic publishing. The target company reported net assets of 121 million yuan as of March 31, 2026, with an assessed value of 346 million yuan, reflecting a 184.59% premium. The controlling shareholder has committed that the target will achieve cumulative net profit of at least 58.834 million yuan from April 1, 2026, through 2029. Separately, Xinhua Winshare's stock surged over 25% in three consecutive trading sessions, triggering an abnormal volatility disclosure. The company's 2026 first-half results showed revenue of 5.007 billion yuan, down 9.42% year-on-year, and net profit of 654 million yuan, down 23.59%.
Read sourceXinhua Winshare to Acquire Nationalities Publishing House for 346 Million Yuan
Xinhua Winshare Publishing and Media Co., Ltd. (stock code: 601811) announced on September 21 that it plans to acquire 100% equity of Sichuan Nationalities Publishing House Co., Ltd. from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for a total consideration of 346 million yuan. The transaction is aimed at resolving potential issues of horizontal competition (same-industry competition) between the two entities. Additionally, the acquisition is expected to strengthen Xinhua Winshare's publishing portfolio in the ethnic/minority content segment and enrich its overall content supply system. The announcement was reported by People's Financial Information on September 21.
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