Zhejiang Daily Digital Culture Group Co.,Ltd. (SHSE:600633) has terminated the planned spin-off and initial public offering of its subsidiary Zhejiang Newspaper Rong Media Technology. The Chinese media company disclosed plans to launch an IPO of the unit in September 2021. However, Zhejiang Daily said it has decided to abandon the plan due to the company s current operating conditions and future business strategic positioning.
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5-day change | 1st Jan Change | ||
10.3 CNY | +2.39% | +3.73% | -6.87% |
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1st Jan change | Capi. | |
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-6.87% | 1.8B | |
+3.04% | 61.86B | |
-3.35% | 13.24B | |
+18.54% | 7.71B | |
+6.47% | 6.68B | |
-11.96% | 5.04B | |
+13.19% | 4.37B | |
-20.74% | 4.15B | |
-8.26% | 3.17B | |
+1.53% | 2.97B |
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- Zhejiang Daily Digital Culture Cancels Planned Spin-Off, Listing of Newspaper Subsidiary