Monday , February 6 2023

Dianguang Media, "Yellow" Huawei wants to grab hands with the Shenzhen Stock Exchange: Oil painting line: Is it possible? – Huawei, 100 million, recognized cooperation agreement, radio and television station – Daily Economic News


Source: Daily Economic News

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Dianguang Media (000917, SZ) announced the sale of Yugong Yishan's 208.8 million yuan by Xu Beihong oil painting near the end of the year, causing a widespread market disturbance and attracting Shenzhen Stock Exchange's attention. On Dec. 17, the Shenzhen Stock Exchange sent a letter of protest to Dianguang Media requesting Dianguang Media to disclose the necessity of the transaction, its validity and relevance.

This concern letter requires Dianguang Media to respond before December 21, but no response from the press was received. On December 21, Dianguang Media, a spokesman for the Hunan Radio and Television Station, said that art is always one of the main activities of the company. Earlier this year, the company sold some artworks. The general arrangement was made and the transaction value was 208.8 million yuan objective and fair. In the end, Dianguang Media says: "To avoid strict interpretation and hypothesis, the company spoke with Hunan Radio and Television and both sides decided to abolish this artistic process."

Dianguang Media has received concerns from the Shenzhen Stock Exchange on December 21, as Dianguang Media has announced a "high profile" with Huawei, along with many doubts about the Yugong Yishan sales. The company has reached a strategic partnership agreement to explore cooperation in the field of 5G.

Suspension of oil paintings to related parties

December 14th, Dianguang Media Hunan Cable TV Network (Group) Co., Ltd. (hereinafter Hunan Cable Group) sells Yugong Yishan oil painting Hunana 208.8 million yuan (including tax). News from radio and television stations. In the second half of 2018, Hunan Radio and Television has become a party associated with Dianguang Media in connection with the reform of Radio and Television.

Perhaps the company did not expect it, and the news of the sale of artwork was so great. Correspondent notes that the sales decision funds: Dianguang Media was fairly listed in July this year with the price of 267 million yuan of Shenzhen Yikesiqi Advertising Co., Ltd. However, Dianguang Media has shown that three-quarterly reports have still lost 135 million yuan in the company's first three quarters. In 2018, it was not possible to determine the damage, and by the end of the year Dianguang Media decided to sell Yugong Yishan. This decision was interpreted as "expansion" as a related party to save lives.

Soon, the radio and television press also received anxiety from the Shenzhen Stock Exchange. Shenzhen Stock Exchange Dianguang Media requires early release of the Shenzhen Stock Exchange on 21 December and provides timely information disclosure commitments.

However, as the press release of December 23, the answer to this letter is still not appear on the official website of the Shenzhen Stock Exchange. Instead, the company announced the sale of Yugong Yishan.

According to Dianguang Media, the company is engaged in art business since 2006. Over the past 10 years, he invested more than 200 units and invested more than 1.2 billion yuan. Over the last several years, a number of jobs have been created from the market and large investments have been made. Return. Dianguang Media has reviewed and approved the proposal by the company's board of directors on May 16th, entitled "Authorization Management Offer for Partial Works" containing Xu Beihong's Yugong Yishan oil painting.

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