Media Chinese International Limited announced that it will cease its media operations in Canada effective 1 February 2026. The cessation of the Canadian operation, which has served readers and advertisers for over 32 years, is expected to result in estimated one-off expenses—including staff layoff compensation—of not less than approximately US$4 million. These expenses will be recognized in the consolidated statement of profit or loss for the fourth quarter ending 31 March 2026. The company stated that this move is part of its ongoing strategic review and resource optimization, allowing it to concentrate management attention and capital on core markets and digital initiatives.
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. Media Chinese International Limited 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-20260116-11993434), on January 16, 2026, and is solely responsible for the information contained therein.