SinoMedia Acquires 0.5% Stake in Shenzhen Xunce for HK$77.8 Million

Reuters

Yesterday

SinoMedia Acquires 0.5% Stake in Shenzhen Xunce for HK$77.8 Million

SinoMedia Holding Ltd. has completed a cornerstone investment in Shenzhen Xunce, acquiring 1,620,600 H Shares at an offer price of HK$48 per share. This subscription represents approximately 0.50% of Shenzhen Xunce’s total issued share capital. In addition, under the terms of its Discretionary Investment Management Agreement, Orient Asset Management subscribed for and was allotted 1,596,000 H Shares, representing about 0.49% of Shenzhen Xunce’s issued share capital. The shares acquired by Orient Asset Management will be managed as part of SinoMedia’s investment portfolio according to the agreement’s terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SinoMedia Holding Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251229-11969218), on December 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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SinoMedia Holding Ltd. published the original content used to generate this news bri","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00623":"中视金桥","BK1137":"广告"},"translate_title":"中视金桥以7780万港元收购深圳迅策0.5%股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00623":0.9},"content_text":"SinoMedia Acquires 0.5% Stake in Shenzhen Xunce for HK$77.8 Million\n    \n\n        SinoMedia Holding Ltd. has completed a cornerstone investment in Shenzhen Xunce, acquiring 1,620,600 H Shares at an offer price of HK$48 per share. This subscription represents approximately 0.50% of Shenzhen Xunce’s total issued share capital. In addition, under the terms of its Discretionary Investment Management Agreement, Orient Asset Management subscribed for and was allotted 1,596,000 H Shares, representing about 0.49% of Shenzhen Xunce’s issued share capital. 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