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Jiangsu Phoenix Publishing&Media Corp Ltd's Subsidiary to Inject Capital in Shanghai-based Company

Wednesday, 21 Aug 2013 08:00pm EDT 

Jiangsu Phoenix Publishing&Media Corp Ltd announced that it will inject RMB 320 million in a wholly owned subsidiary, which is a Jiangsu-based digital media company. The Jiangsu-based subsidiary will acquire newly registered capital of RMB 3,555,600 in a Shanghai-based network technology company, for RMB 310,400,000, to hold a 64% stake in the Shanghai-based company. 

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