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.

Not to be confused with China Media Group.
China Media Group Co., Ltd.
Formerly
Huawen Media Investment Corp., Ltd.
Public
Traded asSZSE: 000793
Headquarters
China
Revenue CN¥4.336 billion (2015)
CN¥1.064 billion (2015)
Total assets CN¥12.818 billion (2015)
Total equity CN¥8.842 billion (2015)
OwnerGlobal Broadcasting A.M. (11.15%)
Chinese name
Simplified Chinese华闻传媒投资集团股份有限公司
Alternative Chinese name
Simplified Chinese华闻传媒
Traditional Chinese華聞傳媒
Website000793.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]

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References
  1. 2015年年度報告 [2015 Annual Report] (PDF) (in Chinese). Huawen Media Investment Corporation. March 2016. Retrieved 6 June 2016.
  2. http://www.cibn.cc/
  3. 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)
  4. 股东背景 [Shareholder information] (in Chinese). Huawen Media Investment Corporation. 2014. Archived from the original on 8 August 2016. Retrieved 7 June 2016.
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