Chengdu Tianfu Industrial City Investment Operation Co.,Ltd. agreed to acquire 40% stake in Western Xinye Industrial Co., Ltd. from People.cn CO., LTD for CNY 70.423812 million.
December 30, 2022
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Chengdu Tianfu Industrial City Investment Operation Co.,Ltd. agreed to acquire 40% stake in Western Xinye Industrial Co., Ltd. from People.cn CO., LTD (SHSE:603000) for CNY 70.423812 million on December 29, 2022. The transaction was approved by People.cn CO., LTD. twenty-sixth meeting of the fourth session of the board of directors on October 8, 2022.
People.cn CO., LTD is a China-based company, principally engaged in the operation of Internet information business. The Company's major businesses include information business, Internet advertisement and publicity business, mobile value-added business, as well as the provision of technical services. The Company provides political news, economic news, society news, culture news, technology news, education news and international news for global Internet users, through articles, images, cartoons, audios and videos, forums, blogs, micro blogs, podcasts, mobiles, really simple syndication (RSS), online live and other ways. It conducts its businesses within domestic market and to overseas markets.
Chengdu Tianfu Industrial City Investment Operation Co.,Ltd. agreed to acquire 40% stake in Western Xinye Industrial Co., Ltd. from People.cn CO., LTD for CNY 70.423812 million.
PEOPLE.CN CO., LTD 
