Brief: Beijing Media Corp updates on deemed disposal of interest in Beiqing Community Media
28/10/2015 11:15
Oct 28 (Reuters) - Beijing Media Corp Ltd 1000.HK : * Discloseable transactions deemed disposal of equity interest in Beiqing Community Media * Hangzhou Shineng agreed to inject RMB30 million in cash to Beiqing Community Media * Beijing Media Corp-Co, Beiqing Community Media Investment Centre, Hangzhou Shineng entered into capital increase agreements with each of investors, respectively * Investors have agreed to make the capital contribution to Beiqing Community Media in a total amount of RMB56 million * Proceeds raised will be used for redevelopment of Beiqing Community Media's community stations and community Mobile interaction software * Source text for Eikon ID:nHKSb4VQCW ((For more news, please click here 1000.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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