China Literature Limited has announced a significant transaction, with its subsidiary Shanghai Hongwen entering into an Equity Transfer Agreement to acquire a 26.67% equity interest in a target company. The agreement, signed on May 30, 2025, involves Shanghai Hongwen as the purchaser and several vendors, including Mr. Ruan Rui, Mr. Dong Xiangbo, and Mr. Chen Wei. This strategic move aims to strengthen China Literature's holdings and influence within the industry. The acquisition reflects China Literature's ongoing efforts to expand its portfolio and enhance its market position.
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