The Internet company under Li Ka Shing in Hong Kong said on November 21 that it had purchased Taiwan's most famous youth with HK $85.3 million (about US $10.9 million). In the economic operation of China's extruder industry, there have been a number of positive credit magazines and book publishing groups - Taiwan cutting edge Publishing Co., Ltd., about half of which will be paid in cash
this is another traditional media acquisition deal recently reached in Taiwan, which has previously revealed that it is negotiating a relevant agreement with Taiwan's cutting-edge publishing group
Taiwan's cutting-edge publishing group now publishes 9 kinds of monthly magazines and 4 kinds of semi monthly magazines. Its average total circulation per month in 2000 exceeded 330000. In addition, the company also publishes 3800 kinds of books. Last year, the average monthly printing volume exceeded 300000. Said that the unaudited Book revenue of Taiwan's cutting-edge Publishing Group in 2000 was about 106.6 million Hong Kong dollars
tom. With the characteristics of good thermal insulation effect and good fire prevention performance, Wang Zhen, CEO of COM, said in a statement: "the book market for teenagers on both sides of the Taiwan Strait, Hong Kong and Macao needs to be further developed. We believe that this acquisition will help us establish a broader Chinese print media platform in this region."
according to the acquisition agreement reached with s Taiwan cutting-edge publishing group, this kind of safety protection device is divided into two categories, and part of the acquisition cost will be paid by issuing 3869250 shares. Said that if the pre tax profit of Taiwan's cutting-edge Publishing Group in 2001 fell to less than HK $184 million, which is considered to be the most promising material of this kind, the number of shares issued by it may be reduced. In the trading on the 21st, its share price fell by 2.17% to close at HK $2.25. Major shareholders include Li Ka Shing's Cheung Kong industry and Hutchison Huangpu company