Wire flash
Xinhua Media Plans to Acquire Interface Cailianshe via Share Issue, Board Approves Plan, Trading Resumes Sept 21
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
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.
Source report
Jin10 Data, September 18 — Xinhua Media has announced plans to issue shares to acquire 100% equity in Shanghai Jiemian Cailianshe Technology Co., Ltd. The transaction is expected to constitute a major asset restructuring and a related-party transaction.
On September 18, 2026, the company’s board of directors approved the relevant proposals. However, as the audit and valuation work has not yet been completed, no shareholders' meeting will be convened for the time being.
The company’s shares will resume trading at market open on September 21, 2026.
Source
金十数据Eastern
Part of this Story
Xinhua Media to acquire Jiemian and Cailian Press via share issuance at RMB 3.93 per share