China Literature Limited (SEHK:772), Baidu, Inc. (NasdaqGS:BIDU) and Shenzhen Investment Limited (SEHK:604) signed an agreement to acquire 15% stake in COL Digital Publishing Group Co., Ltd. (SZSE:300364) from its shareholders for approximately CNY 600 million on January 25, 2021. Under the terms of transaction, Shareholders will sell 109 million shares of COL Digital Publishing. Post completion, China literature, Baidu and Shenzhen investment will hold 5% each in COL Digital Publishing.
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99.76 USD | -0.52% | -8.37% | 35.16B | ||
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+5.95% | 375M | |
-3.26% | 134M | |
+21.16% | 131M | |
-14.69% | 52.42M |
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- China Literature Limited, Baidu, Inc. and Shenzhen Investment Limited signed an agreement to acquire 15% stake in COL Digital Publishing Group Co., Ltd. from its shareholders for approximately CNY 600 million