Xinhua Wenxuan (601811.SH) plans to acquire 100% of the shares of Sichuan Minzu Publishing House for 346 million yuan

Zhitong Finance App News, Xinhua Wenxuan (601811.SH) announced that the company plans to use its own funds to acquire 100% of the shares of Sichuan Minzu Publishing Co., Ltd. held by the controlling shareholder Sichuan Xinhua Publishing and Distribution Group Co., Ltd., at a purchase price of 346 million yuan.

In recent years, the company has focused on strategic planning, focusing on the development of the main publishing and distribution business. Minzu Club has an authoritative position and scale advantage in the fields of Tibetan, Yi, and ethnic scholarship, and has accumulated rich ancient ethnic literature, academic resources and a team of authors, and the brand influence is remarkable. The acquisition will help the company further improve its layout in the field of national publishing, enrich the content supply system, enhance industrial resilience and core competitiveness, and help the high-quality development of the main business. At the same time, it will help resolve potential competition issues in the industry and further ensure corporate governance compliance.