China Media Group Co., Ltd.
China Media Group Co., Ltd. (Chinese: 华闻传媒), or CMG, formerly Huawen Media Investment, is a publicly listed Chinese holding company in the media sector. It is one of the 500 components of the SZSE Component Index, as well as the sub-index SZSE 300 Index and SZSE 100 Index.
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Formerly | Huawen Media Investment Corp., Ltd. | ||||||
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Traded as | SZSE: 000793 | ||||||
Headquarters | China | ||||||
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Owner | Global Broadcasting A.M. (11.15%) | ||||||
Chinese name | |||||||
Simplified Chinese | 华闻传媒投资集团股份有限公司 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 华闻传媒 | ||||||
Traditional Chinese | 華聞傳媒 | ||||||
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Website | 000793.com | ||||||
Footnotes / references in consolidated basis[1] |
Acquisitions
In 2006, the company acquired the commercial brokerage rights of the Securities Times (a newspaper under state-owned People's Daily) for 30 years.
In 2016, Huawen Media Investment subscribed the new shares of China International Broadcasting Network. (CIBN, traded as Chinese: 国广东方网络(北京)有限公司.)[2] After the deal, Huawen Media owned a 30.9996% stake, while Global Broadcasting Media Group owned a 34% stake and was the largest shareholder.[3] Global Broadcasting Media Group was also the indirect major shareholder of Huawen Media Investment.
Shareholders
The largest shareholder of the company was Chinese: 国广环球资产管理有限公司; lit.: 'Global Broadcasting Asset Management' with 11.15% of the shares. Global Broadcasting Asset Management is a subsidiary (58.0344%) of Global Broadcasting Media Group (Chinese: 国广环球传媒控股有限公司). Global Broadcasting Media Group is a joint venture (50–50) of state-owned broadcasting company China Radio International with a private company.[4]
References
- 2015年年度報告 [2015 Annual Report] (PDF) (in Chinese). Huawen Media Investment Corporation. March 2016. Retrieved 6 June 2016.
- http://www.cibn.cc/
- 关于对国广东方网络(北京)有限公司追加投资暨关联交易事项的公告 Huawen Media Investment Corporation 2016-04-25 (in Chinese)
- 股东背景 [Shareholder information] (in Chinese). Huawen Media Investment Corporation. 2014. Retrieved 7 June 2016.