Xinhua Winshare Publishing & Media Co (HK:0811) has released an update.
Xinhua Winshare Publishing & Media Co., Ltd. has announced a modification to the utilisation of funds raised from its A Share Issue, specifically for the Publications regarding the Revival of the Chinese Culture Project. Despite delays due to market demand changes, the company intends to improve efficiency by revising the project content, continuing to invest the A Share Issue Proceeds without changing the project’s overall direction. The project’s new focus will be on publishing ‘Heritage Book Series’ and ‘New Reading Series’, with Sichuan People’s Publishing House leading the implementation.
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