Brief: Weimob Says Potential Business Reorganization Of Group

Weimob

16/01/2024 14:49

Jan 16 (Reuters) - Weimob Inc  2013.HK :
    * ANNOUNCEMENT ON POTENTIAL BUSINESS REORGANIZATION OF GROUP
    * CO IS CURRENTLY IN PROCESS OF INITIALLY PLANNING POTENTIAL
BUSINESS REORGANIZATION OF CO AND UNITS
    * CONSIDERING TRANSFER OF 50% OR MORE OF EQUITY INTEREST IN
SHANGHAI WEIMOB CULTURE MEDIA CO
    * CASH CONSIDERATION OF NO LESS THAN RMB1.8 BILLION
    * COMPANY IS EXPECTED TO STILL HOLD CERTAIN EQUITY INTEREST
IN
SHANGHAI WEIMOB CULTURE MEDIA CO
    * GROUP IS CURRENTLY IN PRELIMINARY DISCUSSIONS WITH CERTAIN
POTENTIAL BUYERS REGARDING POTENTIAL TRANSACTION
    * IF POTENTIAL TRANSACTION IS MATERIALISED, IT IS EXPECTED
THAT
SHANGHAI WEIMOB CULTURE MEDIA CO MAY OR MAY NOT CEASE TO BE A
UNIT OF CO

Source text for Eikon:  ID:n11040345-1 
Further company coverage:  2013.HK 

 ((Reuters.Briefs@thomsonreuters.com;))