Xinhua Winshare Publishing & Media Co (HK:0811) has released an update.
Xinhua Winshare Publishing and Media Co., Ltd. has announced the gratuitous transfer of state-owned equity interest by its controlling shareholder, which will not alter the company’s controlling shareholder or governance structure, thereby not triggering any tender offer. The shareholding change is pending approval from relevant authorities and will be processed in compliance with Shanghai Stock Exchange regulations. The company assures shareholders of continued transparency and urges investors to consider associated risks.
For further insights into HK:0811 stock, check out TipRanks’ Stock Analysis page.